Michael's Company, owned by Mr. Michael, for selling jewelry. During March 2019, the following events occurred: March 2. Michael received from his family to start her business the following $50,000, and new equipment costing $20,500. March 4. Office supplies were purchased on account for $ 4,000. March 10. Michael's company obtained loan of $ 20,000 from the bank. March 12. Michael received from his family $5,000 to celebrate his birthday, the party costing $6,000 he paid $4,000 and the remain of amount on account. March 14. Michael's paid the utility bills for $2,750. March 20. Michael invited his friends to take the dinner with his and he paid the cost $200 cash. March 22. Paid wages of $3,400. March 24. Michael's completed service in March and were billed to clients Nancy Flowers $ 18,300. March 30. Mr. Michael withdrew $ 6.000 of personal use. Instructions: Record the accounting transactions relative of the business. 1. Record the appropriate transactions in Journal Entry