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 20. Michael 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 v billed to clients Nancy Flowers $ 18,300. March 30. Mr. Michael withdrew $ 6.000 of personal us Instructions: Record the accounting transactions relative o the business. 1. Record the appropriate transactions in Journal Entry. Answer Section 3 Journal Entries Date Description Debit Credit March 2 March4 March 10 March 12 March 14 March 20 March 22 March 24 March 30 Total 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 20. Michael 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 v billed to clients Nancy Flowers $ 18,300. March 30. Mr. Michael withdrew $ 6.000 of personal us Instructions: Record the accounting transactions relative o the business. 1. Record the appropriate transactions in Journal Entry. Answer Section 3 Journal Entries Date Description Debit Credit March 2 March4 March 10 March 12 March 14 March 20 March 22 March 24 March 30 Total