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1. 2. Journalize the following transactions by Sheffield Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.
1. 2. Journalize the following transactions by Sheffield Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and entero for the amounts.) Stockholders invest $84.500 cash to start the business. Purchased three digital copy machines for $435,000, paying $110.000 cash and signing a 5-year, 6% note for the remainder. 3. Purchased $4,500 paper supplies on credit. Cash received for photocopy services amounted to $7,300. Paid $550 cash for radio advertising. Paid $650 on account for paper supplies purchased in transaction 3. Dividends of $1,500 were paid to stockholders. Paid $1,300 cash for rent for the current month. Received $2,700 cash advance from a customer for future copying. 10 Billed a customer for $600 for photocopy services completed. 4. 5. 6. 7
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