Kevin opened Webdesign Service on 1 April 2020. The following five (5) transactions occurred during the first month of operations:

1. Kevin, the owner, invested $50,000 cash into the business.

2. Purchased a 1-year insurance policy for $8,000. The business received an invoice and paid in cash.

3. Acquired office equipment for $30,000, paid $5,000 in cash and signed a 1-year short term loan for 25,000.

4. Purchased office supplies on credit for $2,000. 5. Revenue earned for the first part of the month included $6,000 in cash and $7,000 was earned through credit customers.

Required: In the box below prepare the general journal entries to record the above transactions. Narrations are required.

PLEASE FILL IN THE TABLE