I dont understand please explain and answer if you could.

5 Quen Kapiolani completed these business transactions in June 2000 June 1 llegan a surfboard repair business by investing $12,000 in cash and surfboard reporquipment having a $1.000 for vale 1 Revied the furnished shop of a surfboard repairman who was reling to cultivate crops on Maand paid the rent for 2 Purchased surfboard repair equipment costing $4,600 under an agreement calling for a $1,500 down payment and the bwance in monthly instaments to be paid from Accounts Payable Purchased rear supplies on account, 51,700 5 Took out a surfboard wury insurance policy giving one year's protection and paid the premium for just the month of June, $325 Completed work for clients and immediately collected $2,150 for the work done 12 Paid for the repar supplies purchased on account on June 5 16 Joe Kahuna brought in the surfboard for its anal maintenance Kaptolani did the work on account for a total of $250 22 Kapiolan was able to take a $600 cash drawing. She did so on this day to purchase some hydroponik grow equipment for her personal residence Received $250 from Joe Kahuna for the work completed June 16 26 Completed work for clients on account, $3.440 30 Paid the telephone for June, $115 30 Paid the salary of the shop receptionist, 51,150 Prepaid the rent on the office for July and August 31,600 39 Prepaid the injury insurance premium for the next two months, 5050 24 30 REQUIRED: (1) Open the following T-accounts Cash Accounts Receivable Surfboard Repair Supplies Prepaid Insurance Prepaid Rent Surfboard Repair Equipment Accounts Payable Capital, Queenie Kapiolani Withdrawals, Queenie Kapiolani Surfboard Repair Fees Earned Insurance Expense Rent Expense Salaries Expense Telephone Expense (2) Prepare general journal entries in good form to record the transactions in the General Journal. Omit Explanations (3) Enter the journal entries in the T- Accounts. Prepare a trial balance headed "Queenie Kapiolani Proprietor". KEY NUMBERS Balance Cash $5,400 Balance Accounts Receivable 3,440 Balance Accounts Payable 3,100 Withdrawals 800 Balance Surfboard Repair Fees Earned 5,840 Total debit column on Trial Balance 24,540 Additional comments: This assignment may take two or three hours. R Debit Credit Date Account Names 1692 words English (United States Type here to search Part (3) 1092 w English (United States Type here to search BI e