Pinciples of 1. State which balance, debit, or credit is normally held by the following accounts: 1.Cash 2.Dividends 3.Notes payable 4.Unearned revenue 5.Cost of goods sold 6.Prepaid rent 7.Accounts receivable 8.Capital stock 2. Jan Haley owns and operates Haley's Dry Cleaners. The following occurred during December: a. On December 1, Haley prepaid rent on her store for December and January with $2,000 cash. b. December 1, Haley purchased insurance of $2,400 that will last six months. c. Haley paid $900 of her accounts payable balance. d. Haley paid off all of her salaries payable balance. e. Haley purchased supplies on account in the amount of $2,400. f. Haley paid her assistant of $1,000 in cash for work done in the first two weeks of December. g. Haley dry-cleaned clothes for customers on account in the amount of $8,000. h. Haley collected $6,300 of her accounts receivable balance. i. Haley paid tax of $750 in cash. Required: Prepare the journal entry for each transaction. Taccounts (numbers already under the accounts are the prior balance in that account)