1) Prepare journal entries in good form for the following transactions for Appliance Repair Inc. (5)

a. Owner invested cash of $12,000 and office equipment valued at $7,500 into the business, receiving common shares in exchange.

b. Purchased supplies on account, $1,000.

c. Paid $750 for one months rent on the store.

d. Billed a client $1,500 for services rendered.

e. Shareholders received a dividend of $300