Record each of the following transactions, using T-Accounts July 1) You invest $97,000 cash to start a business. July 2) You withdraw $1400 cash from your business for personal use. July 3) You pay $41,000 cash for advertising for your business. July 4) You earn $62,000 in fees for services rendered. The customer financed the entire amount - there was no down payment July 5) You purchase equipment for $50,000. You made a $25,000 down payment and financed the balance