QUESTION 2: JOURNAL ENTRIES FOR PURCHASES & CASH PAYMENTS Review the preparation of journal entries in the Demonstration problem on pp. 418-421 and the Collaborate video explaining the writing of journal entries for purchase transactions. Once you understand how these journal entries are prepared, please select one transaction fromProblem 11-11B, on page 433 of the text, forDebbie's Doll House, and answer the questions below for that transaction. There are 12 journal entries in this problem, but each of you must select an entry that has not been completed by a classmate! If all of the journal entries have been prepared select an entry from the Chapter 10 discussion question. First come, first served! Please be sure to identify your entry by the date of the transaction and provide your response in your own words. Remember, the primary posting is a short answer essay that fully explains your responses. 1) What happened? (Describe the transaction) 2) Which accounts are affected by this transaction? 3) What is the normal balance of these accounts? 4) Which accounts are debited and by what amount? Explain how you arrived at that amount. 5) Which accounts are credited and by what amount? Explain how you arrived at that amount.