1. 2. Stockholders invest $49,000 in cash in starting a real estate office operating as a corporation. Purchased $550 of supplies on credit. 3. Purchased equipment for $26,000, paying $3,900 in cash and signed a 30-day, $22.100, note payable. 4. Real estate commissions billed to clients amount to $4,200. 5. Paid $700 in cash for the current month's rent. 6. Paid $275 cash on account for office supplies purchased in transaction 2. 7. Received a bill for $700 for advertising for the current month. 8. Paid $3,500 cash for office salaries. 9. Paid $1,800 cash dividends to stockholders. 10. Received a check for $2,100 from a client in payment on account for commissions billed in transaction 4. No Account Titles and Explanation 1 Debit Credit