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Exercise 2-5 For each of the following unrelated transactions, give the journal entry to record the trans- Show entries using journal action. Then show how

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Exercise 2-5 For each of the following unrelated transactions, give the journal entry to record the trans- Show entries using journal action. Then show how the journal entry would be posted to T-accounts. You need not entries and T-accounts include explanations or account numbers. (L.O. 4, 5) a. Capital stock was issued for $120,000 cash. b. Salaries for a period were paid to employees, $17,000. c. Services were performed for customers on account, $36,000

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