Part 2 -General Journal (LO2-4)-Post the following journal entries to the general journal. Trans. Date Description Sell 100,000 shares of common stock for $100,000 to obtain the funds necessary to start your business. Feb. 1 Feb. 1 Feb. 1 Feb. 1 Feb. 6Purchase supplies on account, $500. Feb. 12 Feb. 17 Feb. 23 Borrow $30,000 from the local bank and sign a note promising to repay the full amount of the debt in 5 years. Purchase equipment necessary for business operations for $12,000. Pay one year of rent in advance, $12,000($1,000 per month.) 3 4 Provide 40 hours of services to customers for cash (calculate using your hourly service rate). Provide 35 hours of services to customers on account (calculate using 6 7 your hourly service rate) Receive cash in advance for 20 hours of services to be completed in the future. 8 9 Feb. 28 Pay employee salaries, $1,000 10 Feb. 28 Pay cash dividends to shareholders, $600 Part 3- General Ledger (LO2-5)-Post the information from the journal entries into the general ledger. Part 4-Trial Balance (LO2-6)-Prepare a trial balance from the information in the general ledger