USE BOTTOM PHOTO DATA TO FILL OUT TOP PHOTOS BOXES! THANK YOU!

Use the journal entries from the previous question to create a year-end balance sheet for Mike's Motors. The following transactions are from Mike's Motors, a car repair shop. Write out the journal entries for yourself, then fill in the blanks with the correct debits and credits for each scenario. If there is no entry, then write 'No Entry' for the debit and credit boxes and 'O' for the amounts. The first line is asking for the account name, and the second line is asking for the dollar amount you would be debiting or crediting to that account. (Ex: This would require a debit to Cash and a credit to Accounts Receivable. The debit would be for 100 and the credit would be for 100 ). "Note: In the next question you will be asked to prepare a balance sheet. It may be helpful to create Tcharts for each of the accounts you use for your entries. Beginning balances are listed in the next question. a. Purchased land for a new repair shop, costing $5,000, using a long-term note. This would require a debit to a credit to The debit would be for and the credit would be for b. Sold a large piece of equipment for $600 cash. The equipment is currently valued at $600 in the Equipment account. This would require a debit to and a credit to The debit would be for and the credit would be for c. Issued 90 shares of common stock for $20 each. There was no par value for the stocks. This would require a debit to and a credit to The debit would be for and the credit would be for