Requirement:

Need Journal Entries

\begin{tabular}{|l|l|l|} \hline No. & Transaction Description & Date \\ \hline 1 & Shareholders contributed $50,000 in the business in exchange for shares & 23-Jan-23 \\ \hline \end{tabular} 2 Rent of $1,000 was paid for the month of February 01Feb23 3 Equipment with a cost of $20,000 was purchased on credit; payment is due 07Feb23 in 30 days A client purchased merchandise totalling $5,000. To settle the invoice, the 14Feb23 client opted to pay $2,000 immediately, and the remainder within 30 days 5 Full payment was made for the equipment purchased on 7Feb 18Feb23 6 $1,500 was collected from customers issued invoices on 14Feb 22Feb23 7 Employee salaries of $3,000 were paid 28Feb23