1- identify the nature of accounts is it ( debt or credit ) .

2- Properly journalize transactions.

and what is it exactly ( assets - libbilities - owner equities - revenues - expenses - gains- losses )

Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. 1. The company issues ordinary shares in exchange for 35,000 cash. 2. Purchased 400 of office supplies on credit. 3. Purchased office equipment for 10,000, paying 2,000 in cash and signed a 30-day, 8,000, note payable. 4. Real estate commissions billed to clients amount to 4,000. 5. Paid 700 in cash for the current month's rent. 6. Paid 200 cash on account for office supplies purchased in transaction 2. 7. Received a bill for 600 for advertising for the current month. 8. Paid 2,200 cash for office salaries. 9. The company paid dividends of 1,200. 10. Received a check for 3,000 from a client in payment on account for commissions billed in transaction 4. Prepare journal entries for each of the following transactions. 1. Performed services for customers on account 5,000. 2. Purchased 20,000 of equipment on account. 3. Received 3,000 from customers in transaction 1. 4. The company paid dividends of 1,000