Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events. The following transactions for Blue Light Arcade relate to the year ended December 31.

1. Blue Light Arcade received $82 cash on account for a birthday party held two months ago.
2. Agreed to hire a new employee at a monthly salary of $3,950. The employee starts work next month.
3. Paid $2,950 for a tabletop hockey game purchased last month on account.
4. Repaid a $5,950 bank loan that had been outstanding for six months. (Ignore interest.)
5. The company purchased an air hockey table for $6,000, paying $2,900 cash and signing a short-term note for $3,100.

Required: Prepare journal entries for the above transactions.