Take me to the text Restart Spa is a sole proprietorship owned by Claire Sawyer. The company provides a relaxing retreat for people wishing to relax and unwind. During the month of March 2016, the following transactions took place. Mar 2. Provided services to a customer on account worth $3,760. Mar 4 Borrowed $5,000 cash from the bank. Mar 5 Provided services to a customer and received cash of $2,690. Mar 7 Received the telephone bill for $130 which will be paid later. Mar 9 Paid $5,300 cash to reduce the amount owed to a supplier. Mar 11 Collected $1,300 cash from customers owing on account Mar 14 Paid the telephone bill from March 7. Mar 15 Paid a portion of the bank loan principal with $1,600 cash. Mar 23 Paid rent for the month with $2,300 cash. Mar 26 Purchased equipment for $1,500 which will be paid later Prepare the journal entries for the above transactions