Q.10 Journalize the following transactions for RAK Company for June 2020, the company's first month of operations. You may omit explanations for the transactions (25 marks.) 1. Purchased equipment for AED 20,000. paying AED 5,000 in cash and the remainder on credit 2. Paid AED 1,800 for a one-year insurance policy. 3. Billed customers AED 7.200 for services performed. 4. Received AED 70,000 from a customer for services to be performed next month. 5. Made payment of AED 1,200 on account for equipment purchased earlier in the month. 6. Received AED 5,500 cash for services performed. 7. Collected AED 4,200 on customer accounts 8. Paid wages to employees for AED 4,800. 9. RAK's owner withdrew AED 7,400 cash from the business 10. Received a bill for AED 2.200 for advertising for the current month. Transaction 1: Accounts Debit Credit Transaction 2 Accounts Debit Credit