Use the following format to journalize the entries:

1.Purchased equipment on account.

2. Paid cash for rent.

3. Earned 90,000 for establishing a note receivable with a face value 120,000. This note has not stated interest. Enter the asset accounts first (2 debited accounts and 1 credited account).

Account #1 Account Type Increase/Decrease Debit/Credit eg: Cash eg: Asset Increase Debit Account #2 Account Type Increase/Decrease Debit/Credit eg: salary expense eg: expense Increase Credit