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Part II. For each of the following unrelated situations, prepare the necessary journal entries (or adjusting entries) in general journal form following the example below. 1. Randy Smith invested $14,000 cash to begin the basiness; he received common stock for his investment (example). 2. On September 1, purchased $9,000 inventory on account. 3. On September 1. Fint Corp. prepaid two-year rent at $500 per month. Make the journal entry to record the prepayment on Sep. 1 and make the adjusting entry on Sep. 30 to record thi consumption of one-month prepaid rent as time passes. 4. On September 5, Fint Corp, billed customers for services rendered on aceount, \$2,300. 5. On September 30, Fint Bakery collected $2,300 from customer previously billed for service. 6. On September 30, Flint Bakery obtained a loan from a local bank in the amount of $15,000. - Mease follow the followieg format when making your journal entries. - Please write dows the joumal eatry ref, number (1,2,3,4 or 5 ), accounts titles, and the amounss. - In the followine example, Dr. means debit Cash for $14,000 and Cr. means credit Common Stock for \$14,000. 1. De, Casb 14,900 C. Common Stock 14,000 To record issuance of stock for cash