ments Upload Upload All Attachments Select All Copy 55.54 am.png December 2021, the following transactions occurred in Macchiato's Coffee Roas siness that supplies cafs and also sells direct to the public: Dec. 2 Michael Macchiato invested $2 650 000 into the business of Macchiato's Coffee Roasters by purchasing a fully equipped coffee roasting business. The business acquired consisted of th following assets and liabilities. Land $1200000 Building Coffee roasting equipment Office equipment Accounts payable 1 000 000 420000 60000 30000 12 14 5624623 Purchased some new roasting equipment on credit for $160,000. Collected cash from customers for the month, $220 000. Paid the accounts payable owing on 2 December when Michael purchased the business. Purchased an insurance policy for the year for $6000 cash. 18 Purchased television advertising for the Christmas-New Year period for $8000 to be paid for in 30 d Collected fees in cash from customers for the Christmas-New Year period, amounting to $46 000 30 Michael withdrew $8000 cash in order to pay for private Christmas presents and parties. Required Prepare general journal entries for each of the above transactions and events. Ignore GST hp All folders are up to date. Connected to: Microsoft Exchange L