Journalize the following business transactions in general journal form. Prepare T-account for cash (only for Cash account) showing its balance after postings related journal entries. Financial statements are prepared monthly. 1. Transferred cash from a personal bank account to an account to be used for the business, $45,000. 2. Purchased equipment costing $8,000 for $4,000 cash and the remainder on credit. 3. Purchased supplies on account for $800. 4. Withdrawn cash of $1,000 for personal use. 5. Received $2,000 cash for services performed. 6. Paid wages to employees for $2,500. 7. Paid $1,000 for a one-year insurance policy