Rajeet starts an advertising company on May 1, 2021. Provide the individual Journal Entries to record the five transaction.

• May 1, 2021: Rajeet invests $10,000 Cash into the business in exchange for Capital Stock.
• June 30, 2021: Obtained a $1,000 loan from a bank to be paid back in June 2022.
• December 5, 2021: Collect $5,000 Cash from clients billed in October.
• December 27, 2021: Incurred salaries expenses of $2,000 for the payroll period of December 13- 27 to be paid in January 2022.
• December 30, 2021: Paid rent expense of $1,500 in cash for the month of December