) Girard Cohen began a computer servicing business and during the month of October completed these...

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) Girard Cohen began a computer servicing business and during the month of October completed these transactions: (a) Began business by investing cash, $12,000, and computer equipment with a fair value of $3,000. (b) Paid rent for one year in advance, $6,000. (c) Completed a computer servicing assignment and billed the client for $3,000. (d) Paid the utilities bill for the month, $100. (e) Wrote a $1,000 cheque on the business bank account for personal expenses. Prepare journal entries to record the above transactions. Include a brief description for each entry. ) Girard Cohen began a computer servicing business and during the month of October completed these transactions: (a) Began business by investing cash, $12,000, and computer equipment with a fair value of $3,000. (b) Paid rent for one year in advance, $6,000. (c) Completed a computer servicing assignment and billed the client for $3,000. (d) Paid the utilities bill for the month, $100. (e) Wrote a $1,000 cheque on the business bank account for personal expenses. Prepare journal entries to record the above transactions. Include a brief description for each entry.