(a) Received $100,000 from Shirley Knowles in exchange for capital stock (b) Purchased equipment for $35,000, paying $10,000 in cash and giving a note payable for the remainder. (c) Paid $11,000 for rent for March (d) Purchased $18,500 of supplies on account. (e) Recorded $22,500 of fees earned on account. (f) Received $16,000 in cash for fees earned. (g) Paid $2,000 to creditors on account. (h) Paid wages of $12,250. (i) Received $10,150 from customers on account. (1) Recorded dividends of $12,850. Please answer below: ANS: Journal Transaction Dr Cr (a)