$-14$

Presented below are a number of economic events.

$1.$ Purchased supplies on account, $$270,$

$2$ Provided a service on account, $$570.$

$3$ Paid salaries expense, $$370.$

$4.$ Issued common shares in exchange for cash, $$4,700.$

$5.$ Declared and paid $$170$ of dividends to shareholders.

$6$ Received cash from a customer who had previously been billed for services provided, $$570($see item $2).$

$7.$ Paid account owed to supplier on account. $$270($see item $1).$

$8.$ Paid for insurance in advance, $$170,$

$9.$ Received cash in advance from a customer for services to be performed in the future, $$370$

$10.$ Performed the service that the customer previously pald for $($see item $9).$

Journalize the transactions for Sunland Corp. $($List all debit entries before credit entries. 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 enter O for the amounts$)$

No$.$ Account Titles and Explanation

$1.$

Debit

Credit

$2.$

ENG US

account titles and explanation anddebit and credit $1$ to q$10$ debit