Michael's Grocery began operations on December 1, 2022, and has a year-end of December 30. On December 1, the owners invested $75,000 (the par value of the stock) in return for 5,000 shares of common stock. On December 7, the company took out a loan from the bank in the amount of $160,000, and on December 15, the company purchased a building to be used as its selling facility for $105,000 in cash. Prepare the general journal entries for the month of December. (Record debits first, then credits. Exclude explanations from any journal entries.) On December 1, the owners invested $75,000 (the par value of the stock) in return for 5,000 shares of common stock. Account December 1 On December 7, the company took out a loan from the bank in the amount of $160,000. Account December 7 On December 15, the company purchased a building to be used as its selling facility for $105,000 in cash. Account December 15