Journalizing Transactions Instructions Chart Of Accounts General Journal Instructions Kauai Adventures rents and sells surfboards, snorkeling, and scuba equipment. During March, Kauai engaged in the following transactions March Transactions: 2 3 6 9 12 Received $51,500 cash from customers for rental. Purchased on credit ten new surfboards (which Kauai classifies as inventory) for $180 each. Paid wages to employees in the amount of S9,200 Paid office rent for the month in the amount of $1,000. Purchased a new Ford truck for $40,800, paid $1,000 down in cash and secured a loan from Princeville Bank for the $39,800 balance Collected a $1,050 account receivable. Paid an account payable in the amount of $950. Borrowed S1 0,000 on a 6-month, 8% note payable. Mar. 13 16 23 27 Paid the monthly telephone bill of $185 30 Paid a monthly advertising bill of $1,550. Required: Prepare a journal entry for each of these transactions