An analysis of Chafin's MAC Repair Services, Inc. shows the following: 

Â	Cash	+	Accounts receivable	+	SuppliesÂ	+	Equipment	=	Accounts Payable	+	Notes Payable	+	Common Stock	+	Retained Earnings
1	65,000	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	65,000	Â	Â
2	-20,000	Â	Â	Â	Â	Â	115,000	Â	Â	Â	95,000	Â	Â	Â	Â
3	Â	Â	4,700	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	4,700
4	Â	Â	Â	Â	4,200	Â	Â	Â	4,200	Â	Â	Â	Â	Â	Â
5	-6,000	Â	Â	Â	Â	Â	Â	Â	Â	Â	-6,000	Â	Â	Â	Â

 

Prepare journal entries using the transaction analysis above.

Journal

Date	Description	Debit	Credit
1
1
2
2
2
3
3
4
4
5
5