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Help please & thank you so much! In Angust, Statewide Acadeny started her new financial services business: The following transactions occurred daring August (20 poinls)

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In Angust, Statewide Acadeny started her new financial services business: The following transactions occurred daring August (20 poinls) August 1 Maria invested $1,000 cash in exchange for 250 common shares. August 1 Rented work space. Paid $600 for the month of Angust. August 2 The company borrowed $5,000 in the form of a long-term bank loan. The money was planned to purchase much of the equipment that would be needed. August 5 Purchased equipment: $4,000. Paid $1,000 with the rest payable at the end of August August 10 Received and completed first taxidermy job - a poodle named Rex. Received $400 cash. August 12 Purchased supplies on account: $200. August 13 Completed second taxidermy job: A chocolate Labrador retriever named KitKat: $600 on account. August 14 Maria took a cash dividend of $500 to pay for personal expenses. August 19 Received and paid the utilities bill, $200. August 20 Paid for the August 5 equipment purchase. August 21 Received a telephone bill: $200. Did not pay yet. August 24 Received payment for the August 13th job. August 27 Completed third taxidermy job: A calico cat named Spot: \$250. Received payment. August 31 Paid salaries of $1,000. Required: a) Record all necessary journal entries based on the transactions above

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