Be sure to include a cover page for this assignment. Part I - Booking Transactions using Journal Entries The Topanga Company provides legal services to its customers. At the beginning of 2016, the company had the following balances in its financial accounting records: DEBIT CREDIT Cash Accounts Receivable Building $16,200 $1,800 $4,800 Accumulated Depreciation - Building $2,800 Notes Payable $2,000 Common Stock $15,000 Retained Earnings $3,000 Notes Payable represents money that won't need to be paid back for a long time. The company pays interest (in cash) every December 31 at a rate of 9%. Building was purchased 28 years ago and is expected to last another 20 years (a total of 48 years) For each of the transactions below, write journal entries in a manner that makes it CLEAR which accounts are debited and which are credited. Failure to do this will be rewarded with NO credit. Transaction 1: On April 1, the company pays 3 years of rent in advance with $7,200 cash. Transaction 2: On April 11, the company buys $20,000 of Inventory and the supplier trusts them to eventually pay (credit Accounts Payable).