prepare journal entry: 1.paid Rs.3000 cash on account payable. 2.collected Rs.1000 for account receivable. 3.purchased additional office equipment for Rs.2000,and paying Rs.500 on cash and the balance on account. 4.earned Rs.10000 of which Rs.3500 is received in cash and others on account. 5.paid salaries Rs.1500 rent for Rs.900 and advertising expenses rs.400. 6.insuranse utilities expenses for month on account Rs.150. 7.received rs.5000 from capital Bank (money borrowed as a note payable)
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