Journal Entries Prepare required journal entries in good form) for the following transactions. If no entry is required, write "No entry required." Omit explanations. [10 Points] Dec. 1 Wendall Johnson, the owner, deposited $10,000 into a business bank account, also invested his personal computer system valued at $4,000, furniture valued at $5,000 and a law library valued at $7,000 to start the business 2 Paid four months' rent in advance, $3,000. 4 Hired a part-time assistant, to be paid $500 per week. 6 Purchased equipment for $7,000. Paid $2,000 in cash, the remainder to be paid in two equal installments payable on the 22nd of every month. 8 Received an advance of $2,000 to represent a client as and when necessary