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Required: Prepare Journal Entries. No. Transaction Debit Credit 1 Cash 50000 capital 50000

YZ Company had the following transaction for the month of March. 1. Owner invested S50,000 cash. 2. Paid S I ,600 for the rent of office of the month. 3. Purchased S 12,000 equipment on Credit (due within 30days) 4. Completed work for a client and immediately collected the S2,000 cash. s. Completed work for a client and sent a bill for S7,000 to be paid within 30 days 6. Purchased equipment for $8,000 cash 7. Paid an employee S2,400 cash as wages for the month s. Collected SS ,000 cash on the amount owed by the customer described in transaction 5 9. paid S 12,000 cash to settle the liability created in transaction 3 10, Owner withdrew cash for personal use. Required: Prepare Journal Entries.