Youth Spa is a sole proprietorship owned by Angela Bailey. The company provides a relaxing retreat for people wishing to relax and unwind. During the month of September 2016, the following transactions took place Sep 2 Borrowed $6,000 cash from the bank. Sep 4 Purchased equipment for $5,000 cash. Sep 5 Provided services to a customer and received cash of $2,570. Sep 7 Paid rent for the month with $1,570 cash. Sep 9 Provided services to a customer on account worth $4,440. Sep 11 Collected $1,470 cash from customers owing on account Sep 14 Paid $740 cash to reduce the amount owed to a supplier. Sep 15 Received the telephone bill for $300 which will be paid later, Sep 25 Paid a portion of the bank loan principle with $1,000 cash. Sep 27 Received the maintenance bill for $2,330 which will be paid later, Prepare the journal entries for the above transactions Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation Debit Credit 2016 ES MATTERS Account Title and Explanation Debit Credit Date 2016 Sep 2 To record borrowing of funds from bank Sep 4 . Bought equipment Sep 5 To record cash sales Sep 7 To record rent for the month To record rent for the month Sep 9 To record amounts owing from customers Sep 11 . Collect cash on account Sep 14 . Paid amount owing to suppliers . Sep 15 To record the receipt of the telephone bill Sep 25