In December 2021, the following transactions occurred in Macchiato's Coffee Roasters business that supplies cafs and also sells direct to the public: Dec. 2 Michael Macchiato invested $2 650 000 into the business of Macchiato's Coffee Roasters by purchasing a fully equipped coffee roasting business. The business acquired consisted of the following assets and liabilities. Land Building $1200000 1 000 000 420 000 60 000 30 000 Coffee roasting equipment Office equipment Accounts payable 5 Purchased some new roasting equipment on credit for $160,000. 6 12 14 18 Collected cash from customers for the month, $220000. Paid the accounts payable owing on 2 December when Michael purchased the business. Purchased an insurance policy for the year for $6000 cash. Purchased television advertising for the Christmas-New Year period for $8000 to be paid for in 30 days. Collected fees in cash from customers for the Christmas-New Year period, amounting to $46000. 30 Michael withdrew $8000 cash in order to pay for private Christmas presents and parties. 23 Required Prepare general journal entries for each of the above transactions and events. Ignore GST