Account for the followng transactions using Journal Entries Post those entries to Ledgers Prepare a Trial Balance 1 Invested $100,000 cash in return for common stock 2 purchased computer system for $70,000,20% down, borrowed remainder from 3 sold $80,000 of services, 50% on accounbt 4 paid wages of $30,000, rent of $10,000 5 collected $15,000 from customers on account 6 purchased $5,000 of supplies on account