Prompts 2.1, 2.2, and 2.3 utilize the following information: May 1, 2022: Sarah invests $100,000 Cash into the business in exchange for Capital Stock. June 30, 2022: The business obtained a $1,000,000 loan from a bank to be paid back in June 2023. December 31, 2022: The business records salaries for employees that worked 100 hours at $20/hour for the period of December 17 - December 31. Salaries are to be paid in January 2023.

Prompt #2.1 [5 points] Please prepare the necessary T-Accounts for the above three transactions from the companys perspective:

Prompt #2.2 [4 points] Are the total debit and credit balances across all T-Accounts equal? Should they be? Please explain why or why not?

Prompt #2.3 [5 points] Provide the individual Journal Entries to record the three transactions from the companys perspective.