Assume the November transactions for Hoover Co. are as follows:
a. Received cash of $40,000 from investors in exchange for capital stock.
b. Purchased supplies on account $800.
c. Received $5,100 for services provided from clients who paid cash.
d. Paid $2,400 for a one-year insurance policy.
e. Paid the following expenses: wages, $8,000; utilities, $900; rent, $2,000.
Record the transactions, using the integrated financial statement framework.