During its first month of operation, Pefer's Auto Supply Corporation, which specializes the sale of auto equipment and supplies, completed the following transactions. Chnrtaf Arrainte Expenses \begin{tabular}{|l|l|l|} \hline 500 & Cost of Goods Sold & Debit \\ \hline 511 & Rent Expense & Debit \\ \hline 512 & Insurance Expense & Debit \\ \hline 513 & Salaries Expense & Debit \\ \hline 514 & Interest Expense & Debit \\ \hline 515 & Utilities Expense & Debit \\ \hline \end{tabular} REQUIREMENT \#1: Prepare journal entries to record the July transactions in the General Journal below. Remember that Debits must equal Credits-All of your Journal Entries should balance