The following transactions occur for Cardinal Music Academy during the month of October: 1. Provide music lessons to students for $7,500 cash. 2. Purchase prepaid insurance to protect musical equipment over the next year for $3,060 cash. 3. Purchase musical equipment for $10,500 cash. 4. Obtain a loan from a bank by signing a note for $11,000. 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.) View transaction list Journal entry worksheet 1 2 3 4 Provide music lessons to students for $7,500 cash. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal