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The following transactions occur for Cardinal Music Academy during the month of October: 1. Provide music lessons to students for $10,000 cash. 2. Purchase prepaid insurance to protect musical equipment over the next year for $3,360 cash. 3. Purchase musical equipment for $13,000 cash. 4. Obtain a loan from a bank by signing a note fr $16,000. Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list 1 Provide music lessons to students for $10,000 cash. 2 Purchase prepaid Insurance to protect musical equipment over the next year for $3,360 cash 3 Purchase musical equipment for $13,000 cash. 4 Obtain a loan from a bank by signing a note for $16,000. Credit Note : Journal entry has been entered RECOTOY Crearena View general Journal The following transactions occur for Cardinal Music Academy during the month of October 1. Provide music lessons to students for $10,000 cash. 2. Purchase prepaid insurance to protect musical equipment over the next year for $3,360 cash. 3. Purchase musical equipment for $13,000 cash. 4. Obtain a loan from a bank by signing a note for $16,000. Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet