The following transactions occur for Cardinal Music Academy during the month of October: a. Provide music lessons to students for $16,000 cash. b. Purchase prepaid insurance to protect musical equipment over the next year for $4,080 cash. c. Purchase musical equipment for $19,000 cash. d. Obtain a loan from a bank by signing a note for $28,000. Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Payable, and Service Revenue. Journal entry worksheet Purchase prepaid insurance to protect musical equipment over the next year for $4,080 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal Journal entry worksheet