Journalize below selected transactions for ABC proprietorship, in its first month of business:

1. M. Achkar invests $70,000 cash to start the business. 2. Purchased equipment for $160,000, paying $60,000 cash and signing a 5-year, 10% note for the remainder. 3. Purchased $5,000 supplies on cash. 4. Billed customers for $7,000. 5. Received $500 bill for radio advertising. 6. Paid the radio advertising bill of transaction 5. 7. Mr. Achkar withdrew $2,000 from the business for personal expenses. 8. Paid $1,350 cash for rent for the current month. 9. Received $575 from a customer for work done.