Demo 3-5 Journalizing transactions In Demo Problem 3-2, you analyzed 12 transactions for UD students who are opening a restaurant on Brown street In this problem, you will journalize (make a journal entry for) each of those transactions, which are repeated below. Entry \# Account Titles Debit Credit 1. Alumni invested $15,000 in the business in exchange for common stock of the company. 1 2. Borrowed $5,000 from Flyer Bank by signing a 1 year, 5%,$5,000 note payable. 2 3. Purchased $1,000 of cooking equipment from Restaurants Ltd. on account. 3 4. Paid $120 cash to purchase insurance coverage for one year. The policy begins October 1 . 4 5. Paid \$500 cash for September rent on Brown Street space. 5 6. Paid Restaurants Ltd. $600 cash for cooking equipment purchased in (3). 6 7. Advertised the opening of the restaurant, paying \$200 cash. 7 8. Purchased \$75 of supplies from Sam's Club, paying cash. 8 9. Performed catering services worth $150 on account. 9 10. Received $50 advance deposit from customers for food services to be performed in October. 10 11. Paid \$125 cash to Dayton Power Co. for utilities used in September. 11 12. Paid $300 cash in salaries to employees for their work in September