Record each of these transactions in Journal entries and prepare the Ledger for Cash & Cash Equivalents, Accounts Receivable and Accounts Payable:

1. Jan. 1^st Frank's Pizza started the business by depositing $50,000 received from the sale of capital stock in the company bank account.
2. Jan. 22^ndPurchased a building for $36,000, paying $6,000 in cash and issuing a note payable for the remaining $30,000.
3. Jan. 25^thPurchased tools and equipment on account, $13,800.
4. Jan. 27^thSold some of the tools at a price equal to their cost, $1,800, collectible within 45 days.
5. Feb. 2^ndReceived $600 in partial collection of the account receivable from the sale of tools.
6. Feb. 7^thPaid $6,800 in partial payment of an account payable.
7. Feb. 11^thReceived $2,200 of sales revenue in cash.
8. Feb. 2oth Purchased radio advertising from RAC105 to be aired in March. The cost was $470, payable within 30 days.
1. Jan. 22^ndPurchased office equipment for $15,000 cash.
10. Jan. 26^thPerformed repair services and billed clients $2,000. The entire amount will not be collected until February.