Exercise 3 (12) marks) Transactions for XYZ Company for the month of November are presented below. Journalize the below transactions. Nov 1. Stockholders invested $40,000 cash in the business. 2. Purchased land costing $18,000 for cach. 3. Purchased equipment costing $45,000 for $4,500 cash and the remainder on crefit. 4. Purchased supplies on account for $800, 5. Received $2,000 cash for services performed. 6. Received $5,000 for services previously performed on account. 7. Paid salary to employees for $2,500. 8. Pasd dividends to stockholders of $400. The business uses the following chart of accounts: Share capital, Land, Cash, Equipment, Supplies, Accounts payable, Service revenue, Accounts Receivable, Salaries expense, dividend