CLICK HERE TO REVIEW LEARNING OBJECTIVES UESTION5 Not yet answeredMarked out of 1.00 Flag question Recording Transactions Using Journal Entries and T-Accounts Use the information below to complete the following. (1) Receive 50,000 in exchange for common stock (2) Borrow 10,000 from bank. (3) Purchase 2,000 of supplies inventory on credit. ) Receve 615,00 cash from customers for servies provwded (5) Pay 2,000 cash to supplier in transaction 3 (6) Receive order for future services with 3,500 advance payment. (7) Pay 5,000 cash dividend to shareholders (8) Pay employees 6,000 cash for compensation earned. (9) Pay 500 cash for interest on loan in transaction 2 Frepare jourmals for asch of cthe tracctionreughb. Set up T-accounts for each of the accounts used in part a. and post the journal entries to those Flagque ten T-accounts. (The T-accounts will not have opening balances.) beurte. Recording Transactions Using Journal Entries and T-Accounts Use the information below to complete the following CII Receive 50,000 in exchorge for common stock 2I BorrcN E10.000 from bank. 4 Recelve 15,000 czh from customers forsenies proided C5) pay 2,000 cash to suppler in;rarsolon 3. tol Heine oder for future services with e3,5Wudurve peynet Pay C,00O ash dvcend to sharehoiders 3 Payemployees e6000 cash for compensetion earned Pay ECO cahtor imerest on lcan in tranaction 2 hazs Payable Incenest Expense lE 121 EI Ba