[SOLVED] Prepare the 10 transactions below by posting to the general journal

Prepare the 10 transactions below by posting to the general journal. You should use an Excel spreadsheet to accomplish this task. Use ACCT201_IP2_Journal_Ledger_Workbook_Template to complete your assignment. When you are finished, save your completed template and submit your assignment following the Individual Project assignment directions below.
Review the Chart of Accounts here.
Review this model assignment before beginning this assignment: ACCT201_IP2_Journal_Ledger_Example.
Transactions

Invested $100,000 cash in the business
Paid $125 cash for phone service
Purchased $45,000 equipment with a bank loan
Paid $3,500 cash for rent
Paid $6,000 cash for insurance
Purchased $2,500 of advertising on credit (Note: This is an expense to the company)
One of his customers, Cup of Joe, purchased $2,500 of coffee on account
Customer, Cup of Joe, paid $1,000 on their account
Milo paid in full for the advertising he purchased on credit in transaction #6
Sold coffee to another customer, Grandma’s Bakery, for $6,000 and received cash
View the Individual Project Demo for guidance on how to submit your Individual Project via the Virtual Classroom or the CTU Mobile app.
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The first journal entry has been prepared for you as an example.
Use this ACCT201_U4_IP_template to complete your assignment.
Prepare each journal entry using this thought process:
1. What happened?
2. What accounts are affected?
3. Did each increase or decrease?
4. What type of account is each?
5. Debit or credit?