Problem 1 (10 points) For the following transactions, prepare journal entries a. Caleb McKinney invested $4,000 cash in his new business, McKinney, Consulting. b. Caleb paid the first month's rent with $500. c. Caleb purchased equipment by paying $1,000 down and executing a note payable for $4,500. d. Caleb purchased supplies for $500 cash. e. Caleb billed a client for $2,000 of architectural services completed f. Caleb received the $2,000 for the completed services