2. 3. 1. Stockholders invest $83,500 cash to start the business. Purchased three digital copy machines for $430,000, paying $113,000 cash and signing a 5-year, 6% note for the remainder. Purchased $4,000 paper supplies on credit. 4. Cash received for photocopy services amounted to $8,700. 5. Paid $600 cash for radio advertising. 6. Paid $1,000 on account for paper supplies purchased in transaction 3. 7. Dividends of $2,200 were paid to stockholders. 8. Paid $1,300 cash for rent for the current month. 9. Received $2,700 cash advance from a customer for future copying. 10. Billed a customer for $600 for photocopy services completed. No. Account Titles and Explanation 1. Debit Credit