R4: For each of these transactions, record the account name and amount that should be debited or credited 1) on 1/1/2017, you start your own textbook business with an initial $20,000 investment. As you only have S5,000, you borrow S15,000 from your friend Susan. You promise to pay her back $15,000 in five years, plus 5% interest at the end of every year (i.e. S750) Account name Hint for this transaction, you will need the following account names: Cash. owners term debt 2) On 1/2/2017, you purchased 100 textbook (inventory) at the cost of $75 each. You also made another purchase of 50 textbooks at the cost of S60 each on account (Accounts payable). After the purchases, your cash balance becom 12500 Hint for this transaction, you will need the following account names cash, accounts ble 3) On 12/31/2017, you sold all the textbook you've purchased for $15,000. You also repaid your suppliers for the textbook you purchased on account. You haven't paid Susan the $750 interest you promised to pay. Question: on 12/31/2017, what is amount of Account name. Hint for this transacti you will need the following account names: sales revenue, Cash inventon cot oods sold accounts ble interest expense, interest ble