Journal enures Adjusting Entries Closing EntrIUS Financial Statements Section 1-25 Points Journalize the following: 1. Toni invested $85,500 to start NBC consulting services 2. Toni performed $6,400 of services on account. 3. Toni purchased equipment for $20,000 by paying $9,500 at the time and agreeing to pay the balance in 20 days 4. Toni collected $4,500 on account for services performed last month. 5. Toni received but did not pay the monthly telephone bill, $315. 6. Toni received an advance payment of $6,500 for services to be performed next month 7. Toni paid the balance due for the equipment purchased in transaction 43. Toni withdrew $3,700 from the business for personal use. Prepare the journal entries for the above tranactions. Journal Date Description Debit Credit 1 2 3 4 5 6 7 8