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The following events pertain to Outdoor Entertainment incorporated which specializes in hosting outdoor music festivals across the nation: a. Borrowed $114,000 cash from a local

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The following events pertain to Outdoor Entertainment incorporated which specializes in hosting outdoor music festivals across the nation: a. Borrowed $114,000 cash from a local bank to assist in funding the next outdoor festival. b. Paid $32,000 cash for supplies related to the festival. c. Received $157,000 cash for ticket sales related to the festival. d. Paid \$52,800 in cash for employee salaries. Required: Record each of the following Outdoor Entertainment incorporated events in T-accounts

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