Take me to the text Rachel Holmes recently started her own lodging business called Rachel's Place. It mainly rents out wood cabins to campers. Transactions for the first month of operations (July 2021) are as follows. 1) Rachel invested $16,900 cash in the business. 2) Paid two months of insurance in advance, in the amount of $1,000. 3) Purchased equipment worth $4,000 with cash. 4) Incurred business registration expenses, paid with $980 cash. 5) Paid advertising expenses with $1,330 cash. 6) Received $2,630 cash from customers for rentals during the month. 7) Rented cabins to a group of campers for $1,660 on account. 8) Paid $1,300 wages to employees. 9) Borrowed $1,640 cash from the bank. 10) Received $610 in bills for electricity, water and telephone, to be paid next month. 11) Rachel withdrew $970 cash for personal purposes. 12) Received $380 owing from a group of campers earlier this month. Required Record the above transactions on the T-Account worksheet. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field. Rachel's Place Balance Sheet As at July 31, 2021 English