Section 2: Journal Entries Identify the "skeleton" journal entry for each type of transaction below, making sure that each entry is in the proper journal-entry format. You don't need to worry about dollar amounts, but feel free to add hints on how to calculate specific numbers if you find it useful. Transaction #1: Establish a new petty cash account Transaction #2: Replenish a petty cash account at the end of the accounting period Transaction #3: Record the payroll for employees Transaction #4: Record the payroll tax expense Transaction #5: Record a sale of merchandise on account (perpetual method) from the perspective of the buyer and the seller (3 entries total) Transaction #6: Record a return of merchandise on account (perpetual method) from the perspective of the buyer and the seller (3 entries total) Transaction #7: Record the receipt of payment from a customer, with a discount Transaction #8: Record the payment to a vendor, with a discount