3 Problem 1 12 points 2 points each journal entry) 4 The following tranactions occurred for Jones Company and recorded by the accountant, Paul Baxter 5 Jan 2- The company issued $40,000 in common stock. 5 Jan 3 - The company receives $8,000 cash for fees earned from customer 7 Jan. 4. Paul invoices customer on account for $4,000 for fees earned. 3 Jan. 5. The company recevices $300 from customer on their account 2_Jan. 8Paul Purchased $100 of supplies on account. 0 Jan. 7. The company paid dividends of $2,000 cash. 2_Journalize the transactions above. E-------------------------------- 5 Date Description Post Ref. Debit Page 1 Credit 8 9 la molto