I have question regarding a transaction on an exercise ( I am gonna paste the whole exercise so that you have the full context)

I am confused on what journal entries ( dr, cr) I should record for January 2nd and January 3th, Could it be possible to get the right journal entries with a step by step explanation ( like why this account is debited, why this accounted credited ) for each of these dates ( January 2nd and January 3th) ?

the full context of the exercise

ohanna Strauss had worked for more than 25 years as the executive assistant of top managers in large Canadian corporations. After retirement she decided to go on a trip around the world until she gets bored or drops dead. After 20 months in her 'voyage' Johanna decided to return to Toronto due to a complicated health condition. After the initial treatment was completed Johanna needed to have regular check ups and not being confident in herself as before she decided to stay in Toronto all the time. Johanna has been always extremely active and in this new stage of her life she couldn't sit still. At this stage she was not interested in working for others as her health made her not very reliable, so she decided to start her own business with a passion she discovered in her 'voyage': make and serve tea as it should be done. Her target market or audiences are selected meetings organized by top executives or their partners in their houses.

On January 1st 2016 Johanna or Lady Leaf as she wanted to be called set up a company to formalize the tea service she has been experiencing with her friends and acquaintances. A friend help her to set a business plan that was ready to be presented at her friend's bank so she can get some extra financing if needed, in the meantime this friend was so sure about Johanna's idea that decided to lend her $10,000 for 5 years with an interest rate of 3% per year. On January 2nd Johanna sets up her company: Tea Experience with a capital of 10,000 shares valued at $5 each. A lawyer produced all the needed paperwork.

On January 3rd Johanna opens a bank account under the name of Tea Experience Corp. depositing the $10,000 from her plus the $10,000 loaned by her friend. On January 4th Johanna transfers ownership of her sets of tea equipment to the company. All of her tea equipment is high end while one is very rare and exclusive. The equipment has a fair market value of $7,500 and is estimated to last for 5 years and then, if not broken, can be sold for $1,500. She also made sure to transfer the insurance contract for her tea equipment from her to the company as well, the contract started on October 1st 2015. The insurance premium is $900 per year and it was paid in full when signed on October 1st 2015. On the same day Johanna signs in for the services of a ride sharing app that would allow her to call a car to go and come back from the places of the customers that hire her.

pur-new-sol

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