PLEASE ANSWER ALL. WILL UPVOTE. THANKS. Journal Entries

You will need to record each of the listed transactions in the basic accounting equation (A = L + E). Make sure to label each account clearly, record the amount of the transaction, and place each transaction in the appropriate blank. This assignment is worth a total of 25 points with each transaction being worth 2 points. One point will be rewarded for following submission instructions correctly. s To complete this assignment, download "Assignment 5" from the "Extra folder on Google Drive. Then, you will need to print and fill in the ledge (handwritten on tablet is also ok). Then to submit this assignment, upload the transaction ledger as a PDF on Blackboard using the link provided for Assignment 5. This assignment must be handwritten (or tablet stylus written). After recording down the 12 following transactions, upload your PDF below. 1. You started your company with $100.000 that you raised by selling stock in Practice Makes Perfect Inc. to your family and friends. 2. Knowing that you would need additional funds, you presented your business plan to the bank and were able to get a $50.000 loan at 12%. 3. You purchased three pianos for $16.000 each, paying cash. You believe these pianos will last four years before you replace them. You expect the salvage value to be zero at this time. 4. You spent $2,000 on supplies (inventory), which you charged on account. 5. The newspaper bills you $500 for the advertisement you ran. You plan on paying the bill next month. 6. Rent for the space you have leased is $1,000 a month, which you paid. 7. The first month you bill students $2,000 for lessons. 8. You pay your two part-time piano teachers $500 each at the end of the month. 9. One of your students paid the $200 invoice you sent earlier in the month. 10. You write the check for the interest owed for the month. 11. You adjust the supplies (inventory) account for $300 of sheet music that you gave to students. 12. You record one month of depreciation on the pianos