The following events are business transactions of Makeovers Ltd (a small hair salon shop) that occurred during August 2022. Dates Transactions 1/8/2022 Purchased hair-drying equipment for $100 000. Paid $5000 deposit and agreed to pay the balance in 60 days 4/8/2022 S. Red (the owner) withdrew $210 from the business to buy herself a new dress for a friends wedding 6/8/2022 Paid salaries of $6900. 9/8/2022 Received $940 from customers to reduce the balance in their accounts. 26/8/2022 Paid $4700 to creditors for supplies that had been purchased on credit 30/8/2022 Earned $68 250 in salon revenue during the month. Of this, 90% was collected in cash and 10% will be paid within a month. Note: Two marks per correct answer (6 x 2 marks = 12 marks) Required: Prepare journals entries for each of the above transactions.