please prepare journal entires.

Date Transaction July 1 July 2 July 5 July 9 July 11 July 15 July 15 Owner invested $100,000 cash into the business. Purchased equipment on account for $10,000 plus $100 installation. It has a life of 4 years with zero residual value. Purchased 20 coats at $50 each terms 2/10, n/30. Paid $200 for the shipping of the coats on July 5th. Purchased another 10 coats at $60 each term 2/10, n/30. Paid the rent of $2000. Sold 2 coats to Argus at $500 each, terms 2/10, n/30. At this point, remember to do the COGS entry without the dollar value (LIFO). You will compute that amount in the next step of the project. Sold 4 coats to James at $500 each, terms 2/10, n/30. You will compute that amount in the next step of the project. Sold 7 coats to Bob at $500 each, terms 2/10, n/30. You will compute that amount in the next step of the project. Bob returned 1 coat that was damaged and we gave hin credit on his account. Could not be restocked. Bob paid his bill within the discount period. Paid electric bill $100. July 16 July 22 July 24 July 26 July 31 stocul 1