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3. Journalize the following transactions by Novak Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If
3. Journalize the following transactions by Novak Printing Company. (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 for the amounts) 1 Stockholders invest $ 3.500 cash to start the business. 2. Purchased three digital copy machines for 405,000, saying $ 109,000 cash and signing a 5-year, 656 note for the remainder. Purchased $5,000 papar supplies on credit. Cash received for photocopy services amounted to S 8.200. Paid S 400 cash for radio advertising Paid $750 on account for paper supplizz purchased in transaction 3 Dividends of S1,700 were paid to stockholders. Paid $2,100 cash for rent for the current month. 9. Received $2.700 cash advance from a customer for future copying Billed a customer for $ 300 for photocopy services completed 5. 6. 7. 8. 10. No. Account Titles and Explanation Debit Credit 1. Cash 83500 Common Stock 82500 Cash 10900 Notes Payable 29600 3. Supplies 5000 Accounts Payable 5000 Cash 8200 Service Revenue 8200 5. Advertising Expense 400 Cash 400 Accounts Payable 750 Cash 750 7. Dividende 1700 Cash 1700 Rent Expende 2100 Cash 2100 9. Cash 2700 Uncerned Service Revenue 2700 10. Accounts Receivable 300 Service Revenue 300
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