Question 2: Journalize Transactions /16 marks On March 1, 2019 Fahad Bader opened an office for legal law consultations. The following are the transactions that occurred during the first month of operations: March 1: Fahad Invested $ 30,000 cash to start the business, March 2: Hired two employees to work in the office, they will each be paid a salary of 3,050 per month March 2: Purchased equipment costing $ 2,500 on account March 3: The business provided a service of $3,000 in which $700 was received in cash and the balance was billed to the customer. March 5: The business has received utility bill of S 500 on account. March 11: Received $2,000 cash in advance from a customer for services that are expected to be completed by June 12. March 12: The business paid $ 250 on the balance due from the transaction on March 5. March 15: Fahad pays $2,400 for a one-year full coverage insurance policy. March 28: Fahad Withdrew $500 cash from the business for personal use