D Question 8 16 pts Journalize the following business transactions in the general journal form for Braven Company. No. Accounting Transactions Transactions 1. Issued common stock in exchange for $30,000 cash 2. Purchased $400 of supplies on account. 3. Purchased equipment for $8,000, paying $2,000 in cash and signed a 90-day, $6,000 note payable. 4. Paid $300 on account for supplies purchased from transaction 2. Assets Cash Chart of Accounts Liabilities Accounts Payable Stockholders' Equity Common Stock Retained Earnings Accounts Receivable Unearned Revenue Inventory Taxes Payable Supplies Notes Payable Prepaid Insurance Equipment Building Land Accumulated Depreciation Service Revenue Sales Revenue Advertising Expense Utilities Expense Wages and Salaries Expense Insurance Expense List debit transactions first and then list credit transactions. Supplies Expense Use accounts provided in the Chart of Accounts above. Do NOT create your own account. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10.000 or 10,000.00 without any dollar sign General Journals No. Account Titles and Explanation Debit (5) Credit (5) 90 80 $ 54 #3 a FA % 85 FS 66 & 28 7 8 97