Prepare the journal entry and/or t-accounts for the following transactions. 1. A two-year promissory note is signed at the local bank. The cash received from the loan is $3,000. 2. Equipment is purchased with a $1,000 check. 3. Sales on account are $2,000. 4. The monthly utility bill of $100 is received and paid. 5. Received $800 from customers as payment on account