Prepare a journal entry for each of the above transartinns. If an amount box does not require an entry, leave it blank. Journalizing Transactions Kauai Adventures rents and sells surfboards, snorkeling, and scuba equipment. During March, Kaual engaged in the following transactions: March 2 Received $34,300 cash from customers for rental. 3 Purchased on credit five new surfboards (which Kauai classifies as inventory) for $150 each. 6 Paid wages to employees in the amount of $9,400. 9 Paid office rent for the month in the amount of $1,600. 12 Purchased a new Ford truck for $17,500; paid $1,000 down in cash and secured a loan from Princeville Bank for the $16,500 balance. 13 Collected a. $950 account receivable. 16. Paid an account payable in the amount of $870. 23 Borrowed $15,000 on a six- - honth, 8 percent note payable. 27 Paid the monthly telephone bill of $145. 30 Paid a monthly advertising bill of $1,260. 6 9 12 13 16 23 27 30