Prepare Journal Entries for the following transactions. You do not need to write explanations. The company purchased equipment for $30,000 cash. The company purchased $10,000 of inventory on account. The company pald $5,000 on an Accounts Payable amount owed to a vendor. The company paid their electric bill of $200. In 2014, the company paid $12,000 for their 2015 insurance premium. The company billed a customer for $10,000 in services performed. The company received $5,000 for a cash sale. The company received $1,500 from a customer as a payment on an Accounts Receivable. In 2014, the company received a $3,000 cash deposit for services that will be provided in 2015