General Journal Entries Brian's Music Shop is a small company that sells musical instruments and accessories, it also rents musical instruments as well as providing cleaning and repair services. In your responses, do not use dollar signs and round all answers to the nearest dollar. Use the Chart of Accounts below for account names. Cash Accounts Receivable Prepaid Rent Inventory Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Notes Payable Wages Payable Interest Payable Unearned Service Revenue Brian's Music Shop Chart of Accounts Common Stock - Par Additional Paid in Capital - Common Retained Earnings Dividends Declared Service Revenue Wages Expense Rent Expense Depreciation Expense - Equipment Utilities Expense Advertising Expense Supplies Expense Interest Expense During December 2019, the following transactions took place. Record all transactions in the spaces provided. Use the account names from the Chart of Accounts above 1.) 12/1 Paid $2,920 rent for the months of December through April he Chart of Accounts below for account names Brian's Music Shop Chart of Accounts Cash Common Stock - Par Accounts Receivable Additional Paid in Capital - Common Prepaid Rent Retained Earnings Dividends Declared Inventory Service Revenue Wages Expense Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Notes Payable Wages Payable Interest Payable Unearned Service Revenue Rent Expense Depreciation Expense - Equipment Utilities Expense Advertising Expense Supplies Expense Interest Expense During December 2019, the following transactions took place. Record all transactions in the spaces provided. Use the acco names from the Chart of Accounts above. 1.) 12/1 Paid $2,920 rent for the months of December through April During December 2019, the following transactions took place. Record all transactions in the spaces provided. Use the account names from the Chart of Accounts above. 1.) 12/1 Paid $2,920 rent for the months of December through April Debit Amount $2920 Credit Amount $730 2.) 12/1 Borrowed $40,000 from Generic Bank with a 9% APR for 4 years (interest and principal due at maturity). Debit Amount $40,000 Credit Amount $40,000 3.) 12/1 Purchased five (5) instrument cleaning machines on account from Fox, Inc. for $6,125 each. These machines will be used by Brian's Music Shop and thus will not be sold to customers. Debit Amount $30,625 Credit Amount $30,625 4.) 12/6 Received $4,500 cash from client as an advance payment for cleaning and repair services. Debit Amount $4.500 Credit Amount 4,500 5.) 12/7 Issued 2,000 Shares of common stock with a par value of $2 for $14 per share