Provide journal entries for the following transactions:

1. Investors contributed $70,000 in the business and received ordinary shares as evidence of ownership.
2. Employee salaries of $2,000 were paid in cash.
3. Equipment with a cost of $10,000 was purchased on credit (i.e., Accounts payable).
4. The annual depreciation of equipment is $5,000.
5. Interest income of $2,000 was received in cash.

Narrations are not required for the entries.