ACCOUNT TITLE DEBIT CREDIT Journalize the following business transactions for a real estate companyin general journal form. 1 May Stockholders invest 540,000 in cash in exchange for common stock DATE 2-May Purchased $500 of supplies on credit 1-May Purchased equipment for $25,000, paying $3,500 in cash and signed a 30- 3 May day, $21,500 note payable 4-May Real estate commissions billed to clients amount to $4,000 5-May Paid $250 cash on account for office supplies purchased on May 2. 2. May 6-May Received a bill for $800 for advertising for the current month 3- May 7-May Paid $1,200 cash dividends to stockholders 4. May 5.May 6.May 7. May