2. Create General Ledger Entries based on the following Transactions for Nert Tech (a start up IT company: Required: Please choose from the Transactions and Account Descriptions below to book the entries If there is no entry for either a debitor credit please leave blank Account Descriptions can be used multiple times 1 Initial Investment of $500,000 Cash (No Common Stock Issued) 2 Purchase Land & Building for $175,000 Cash. Fair Value of Land $25,000, FV Building was $200,000 3 Purchased Inventory from a vendor $8,000 ($3,000 on Credit. 5,000 Cash). 4 Obtained a Bank Loan for $250,000 S Prepaid for Advertising $5,000 6 Sold Inventory costing $3,000 for $9,000 $7,000 Cash, $2,000 on Account) 7 Accrued $2,000 in Wages earned but not paid 8 Paid $3,000 of Inventory purchased on Credit in 3 above 9 Paid $2,000 in Wages to employee 10 Reserved for Bad Debt Expense in the amount of $100 11 Accrued one month of Property Tax (Annual Estimate of $6,000) 12 One month Depreciation of Building (40 Year Asset) AP Account Description Choices: Bad Debt Expense Inventory Building Land Cash Long Term Debt Cash Pre-Paid Expenses COGS Property Tax Accrual Depreciation Exp Property Tax Exp Reserve for Bad Debt Sales Revenue Wage Expense Accounts Receivable Accrued Wages Accumulated Depreciation Advertising Expense APIC Account Description DR CR Account Description DR CR HHHHH