Case 4 Journalize the following business transactions in general journal form . Identify each transaction by number . You may omit explanations of the transactions 1 . The company issues ordinary shares in exchange for $ 25 090 cash 2 . Purchased $400 of supplies on credit . 3 . Purchased equipment for $10 000 paying $3 000 in cash and signed a 30 - day , $7 090 note payable 4 . Real estate commissions billed to clients amount to $4 000 5 . Paid $700 in cash for the current month's rent . 6 . Paid $ 200 cash on account for supplies purchased in transaction 2 7 . Received a bill for food for advertising for the current month 8 . Paid $ 2 200 cash for salaries 9 . The company paid dividends of f 1 200 10 . Received a check for $3 000 from a client in payment on account for commissions billed in transaction 4