R1: Record journal entries for the folloving transactions (gou mag need the account names in R2) 1 On 1213112015, you started your own tewtbook business by investing $5,000 of your own money. occw same ramcuo Cr capital account 2) You also borrowed $10,000 from your best friend David. You promised to give him 8% annual interest at the end of the year and pay back the full amount in 5 years occw same ramcuo Cr loan- David 3) on 2 112016 you purchased 100 textbooks($40 each) with cash, another 20 textbooks($40 each) on account. ramcuo occw same merchandise inventory Cr merchandise inventory accounts payable 4) On 215-2016, you sold 50 textbooks for $65 each for cash; another 10 textbooks(also $65 each) on credit. Assuming that you use a perpetual system to account for inventory. Cr accounts reciviable 650 cost of goods sold 2400 cueedta use the ac ere inventory 2400 5) On 31312016, you received utility bills for $450 but you didn't pay. utilities expense 450 accounts payable 450 6) On 31312016, you withdraw $1,000 from the business for personal use drawings account