1. Received $56,000 from stockholders. 2. Purchased equipment for $76,000, paying $14,500 in cash and giving a note payable for the remainder. 3. Paid $3,000 rent for the month. 4. Recorded $16,800 of services provided on account. 5. Paid wages of $8,600. 6. Received $8,000 in cash for services provided. 7. Collected $1,700 from customers on account. No Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. Exercise 255 Journalire the following business transactions in general Journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account tities are automatically Indented when the amount is entered. Do not indent manually. If ne entry is required, select "No Entry for the account titles and enter for the amounts) 1. Received $56,000 from stockholders