Chapter 2 Assingment-First Part (181) Transactions for Joan Jett Company for the month of October are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations. 1. Invested $42,000 cash in the business. 2. Purchased land costing $28,000 for cash. 3. Purchased equipment costing $18,000 for $4,000 cash and the remainder on credit. 4. Purchased supplies on account for $800. 5. Paid $1,200 for a one-year insurance policy. 6. Received $3,500 cash for services performed. 7. Received $4,000 for services previously performed on account. 8. Paid wages to employees for $2,800. 9. Petty withdrew $2,300 cash from the business. General Journal J1 Date Account Titles and Explanation Ref. Debit Credit