right Electric completed these transactions during April of the current year: N Began an electrical contracting business by investing $10,000 in cash and off valued at $12,000 with a useful life of 10 years. Purchased on credit office supplies for $1,000. Completed electrical work for client and was paid immediately $1,000. Received advance payment of $10,000 for maintenance job. Completed electrical work for Shine Homes Co. amounting $10,000 onc Paid for the items purchased on credit on April 2 Paid $2,400 premium for the annual insurance policy. Paid semi monthly wages of $1,500. Received $5,000 payment from Shine Homes Co. for the work comple April 8. B. Bright withdrew $1,100 cash from the business to pay personale Paid the April utility bills for $1,000. the above transactions (accounting cycle step 1), and prepare the Jo Journal below (accounting cycle step 2)