The first seven transactions of Cool Water Park Ltd have been posted to the company's accounts as follows, (Click the icon to view the accounts.) Requirement Prepare the journal entries that served as the sources for the seven transactions. Include an explanation for each entry. As Cool Water Park moves into the next .................. da Prepare the journal entries that served as the sources for the seven transactions. Include an explanation for each entry. (Record debits first, then credits. Enter explanations on the last line.) Begin by recording the journal entries; start with transaction (1). Journal Entry Accounts and Explanations Credit Debit 1. Accounts Cash Supplies 700 (5) Equipment 70 (6) 5,900 Land (3) 34.000 (1) (2) (5) 9,800 (3) 9,000 (4) 6,900 (6) 5.900 70 (7) 160 Accounts Payable (7) 160 (4) 700 Share Capital Note Payable (2) 6,900 (3) 25,000 9,800 Print Done