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Elisa Carle opens their first home decor shop, titled Woodland Home Ltd. During the first month of operation (September), the shop experienced the following

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Elisa Carle opens their first home decor shop, titled Woodland Home Ltd. During the first month of operation (September), the shop experienced the following events. Transaction 1: Sept. 4: Elisa Carle takes out a bank loan of $150,000 in the name of the business. Transaction 2: Sept. 10: Elisa Carle purchases inventory for $76,000 in cash. Requirement: Enter the journal entries in the following format: Transaction 1: Blank 1: Debit account Blank 2: Credit account Blank 3: $-amount (only plain number, without $-sign, comma or space) 1

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