No 2: Recording transactions in general journal Enter the following transactions in the two-column journal of Broadway Bathrooms. Include a brief explanation of the transaction as part of each journal entry. (1) Bill Phinnes invests $20,000 in cash to start a cleaning and laundry business on June 1. (2) Purchased laundry equipment for $5,000 paying $3,000 in cash and the remainder due in 30 days. (3) Purchased laundry supplies for $1,200 cash. (4) Received a bill from College News for $300 for advertising in the campus newspaper. (5) Cash receipts from customers for cleaning and laundry amounted to $1,500. (6) Paid salaries of $200 to student workers. (7) Billed the Lion Soccer Team $200 for cleaning and laundry services