Transcribed image text: 12) Record the journal entries for the transactions below. (6 marks) c. a. Justin
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Transcribed image text: 12) Record the journal entries for the transactions below. (6 marks) c. a. Justin Trudeau invested $20,000 cash in his new tutoring business. b. Received a loan from the bank for $5,000. Purchased equipment for $3,500, by paying $2,000 cash and executing a note payable for $1,500. d. Purchased office supplies for $800 cash. Billed clients for a total of $5,000 for tutoring services rendered. f. Received $2,000 cash from students for services rendered above. = e
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