During the month of June, 2020, the following transactions took place at the Islamic Finance Training Company. Prepare the journal entry for each of these transaction Ex 1 1. Purchased equipment on account for $6,000. 2. Billed customers $5,000 for services performed. 3. Made payment of $1,500 on account for equipment purchased earlier in month. 4. Collected $2,400 on customer accounts. Ex 2 Use the information in Ex 1 to answer the following questions. 1. What is the balance in Accounts Payable at June 30, 2020? 2. What is the balance in Accounts Receivable at June 30, 2020