Instructions: Record these transactions in the general journal for Able Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial balance. You may want to refer to Part 1 of this project where you have already analyzed these transactions. 8/1 You invested $17,000 in exchange for common stock to start Able Advertising Date Account Inc. 8/4 Purchased 6 months of insurance for $1500 cash. 8/7 Purchased $8,000 of computer equipment by paying $4,000 in cash and signing a one year note payable for the rest 8/10 Purchased $2,000 of advertising supplies for cash. 8/13 Performed advertising services and charged the customer $7,000 on account (to be paid later). 8/17 Received a utility bill for $750 and decided to pay it later. 8/20 A customer paid $5000 for advertising services to be performed in the future 8/23 Paid half of the accounts payable from 8/17 8/25 A customer paid $9,000 in cash for advertising services performed today. 8/28 Received half the balance from the 8/13 customer in cash. 8/31 Paid $2,000 in dividends. General Journal PR Debit Credit