Kiersted Financial Services was formed on November , 2017. During the month of November, the following events and transactions occurred: Nov. 1 Haakon Kiersted, the owner, invested $35,000 cash in the company. He also invested equipment that had originally cost Haakon S25,000 but was currently worth $12,000. 2 Hired one employee to work in the office for a monthly salary of $2,825. 3 Signed a three-year contract to lease office space for $2,140 per month. Paid the first and last month's rent in cash. (Hint: The payment for the final month's rent should be considered an asset and be recorded in Prepaid Rent.) 4 Purchased a one-year insurance policy for $4,740 to be paid in monthly instalments on the fourth day of each month. Paid the first month's premium. 5 Purchased additional equipment for $18,000. Paid $6,000 cash and signed a note payable for the balance. 6 Purchased supplies for $1,550 on account. 7 Purchased additional supplies for $475 cash. 16 Completed services for a customer and immediately collected $990. 20 Completed services for two customers and billed them a total of S4,500. 26 Paid S1,000 for the supplies purchased on account on November 6 27 The telephone bill for November was $220. It will be paid in December. 7 Received a $750 cash advance from a customer for services to be provided in December 29 Collected $2,800 from one of the customers billed on November 20 30 Paid $60 interest on the note payable. 0 Paid the employee's monthly salary, $2,825. 30 Paid Haakon Kiersted $700 for his personal use. 0 Paid Sony Ltd. for a new sound system for Haakon's home, $1,150 cash. Prepare journal entries to record the transactions