QUESTION: This class has $30$ students. Each student is going to order a Tesla Model Y $($Please do not actually order a car, this is just a hypothetical question$).$ For simplicity, we will assume the following:

The price of each car is $$60,000($before sales tax$)$

The deposit required while ordering is $$12,000.$

Sales tax are $5\mathrm{.}00\%($assessed when the car is delivered$)$

Final payment is due when car is delivered.

The following is a summary of the transactions that occurred:

April $7-$ all $30$ students made their orders and paid the $$12,000$ required deposit.

April $24-$ Twenty $24$ cars are delivered and the $24$ students pay the total remaining balances.

April $29-$ the remaining $6$ cars are delivered and the $6$ students pay the total remaining balances.

REQUIRED: Record proper journal entries for TESLA for the above three transactions. Journal entries will be graded for proper format and completeness. Please review chapter $2$ if needed so you can record proper journal entries. Hint: It is easier to record the journal entries either on a word document or Excel or on a piece of paper and the upload your work. When you upload your work, ensure you embed the work so it automatically opens on the discussion window without requiring somfeone to click on it$.$ Alternatively, create a well formatted table on Canvas like the one below.

Journal entries that are not properly formatted $($see chapter $2)$ will not be graded.

$\backslash$table$[[$DATE$,$DESCRIPTION,DEBIT,CREDIT$],[$Jan $5,$Cash,$40,000,],[,$Equipment,$120,000,],[,$Capital, Lerriuqs,,$160,000],[,$Owner invested in the business,,$]]$