Cash (1) 5,000 CP 2-5 Required: Post the following transactions to the appropriate accounts: 1. Issued common stock for $5,000 cash (posted as an example) 2. Paid $900 in advance for three months' rent, $300 for each month 3. Billed $1,500 to customers for repairs completed today 4. Purchased on credit $2,000 of supplies to be used next month 5. Borrowed $7,500 from a bank 6. Collected $500 for the amount billed in transaction 3 7. Received a $200 bill for electricity used to date (the bill will be paid next month) 8. Repaid $2,500 of the bank loan 9. Used $800 of the supplies purchased in transaction 4 10. Paid $2,000 for the supplies purchased in transaction 4 11. Re. transaction 2: transferred this month's rent to expenses. Bank Loan Common Stock Repair Revenue (1) 5,000 Accounts Receivable Accounts Payable Prepaid Rent Electricity Expense Rent Expense Unused Supplies Supplies Expense