The following transactions occur for Cardinal Music Academy during the month of October:

Provide music lessons to students for $12,000 cash.

Purchase prepaid insurance to protect musical equipment over the next year for $3,600 cash.

Purchase musical equipment for $15,000 cash.

Obtain a loan from a bank by signing a note for $20,000.

Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Please record all transactions in a separate journal entry

Journal entry worksheet Provide music lessons to students for $12,000 cash. Note: Enter debits before credits