Using the following Chart of Accounts, identify the accounts used for the following journal entries or state "no entry required" for both accounts, if none is required. Chart of Accounts Cash Equipment Service Revenue Land Accounts Receivable Supplies Prepaid Insurance Merchandise Inventory Furniture Accounts Payable Notes Payable Salaries Expense Rent Expense Insurance Expense Utilities Expense Common Stock Sales Revenue no entry required PLEASE NOTE: If used, type in the account names exactly as written above. Transaction DR Account CR Account A new employee is hired to work 40 hours per week at $22/hour Received and paid utility bill for past month $458 Supplies worth $750 are purchased on account Recorded cash sales to customer $1.450 Client paid for services rendered Recorded cash sales to customer, $1,450. Client paid for services rendered previously, $325. Paid for inventory purchased on account last month. $1,250. Purchased equipment with bank loan, $25,000 Paid salaries due for the month, $1.725. Sold inventory on account for $2.345. Paid for one year of fire insurance, $9,000