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Peter Walker, the owner of the business, had the following transactions in October. Oct 1 Walker invested in the company by a cheque of $30,000.

Peter Walker, the owner of the business, had the following transactions in October.

Oct 1 Walker invested in the company by a cheque of $30,000.

2 Made purchases of a machine for $10,000 on credit.

9 Completed an $25,000 consulting services job for a client, who will pay in 30 days.

10 The company paid $2,000 rent for Walkers own house.

11 Walker withdrew $6,500 cash from the business for personal use.

20 Paid in full for the purchase of machine on Oct 2.

20 The company borrowed a bank loan $10,000.

Required: Prepare journal entries for the above

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