Question 1: This question is meant to determine how well you understand transaction analysis. The ABC Pizza Store is a small pizzeria with limited seating. The company has just started business on July 1, 2000. For each transaction given below for the month of July 2000 , provide the appropriate journal entry or place the entry within a balance sheet equation format (assets = liabilities plus owners' equity). a. On July 1, 2000, the owners, Bob, Rachel, and Steve invested a total of $100 , 000 in return for a total of 10,000 shares of $2 par value common stock, which began the ABC Pizza Store (the company). b. On July 1, the company also borrowed $25 , 000 from a local San Francisco bank. The loan is for two years and has an annual interest rate of 12% . Interest will be paid every three months beginning on October 1, 2000. c. On July 1, the company signed a one-year lease for the store location they will occupy. Their monthly rental is $7 , 000 , and they had to pay the first and last month's rent in advance. d. Their rental location was the site of a former pizzeria, and all the necessary equipment such as pizza ovens, counters, and refrigeration units were available. The landlord owned the equipment, and its cost to the company was included in the monthly lease payment. On July 2, the company did have to buy new furniture at a cost of $9 , 500 , as well as plates, utensils, and cups for $3 , 700 . Both the furniture and the tableware were paid in cash. e. On July 3, the company contacted a local printer to prepare menus and advertising brochures. The company agreed to pay $2 , 500 for the menus and brochures. They will be ready on Julv 6