Financial Accounting 1 40416 Homework: Chapter 2 Homework Score: 0 of 5 pts E2-18 (similar to) 2 of5 (1 complete) The following transactions occurred for Webster Technology Solutions (Click the icon to view the transactions) Read the uicement (Record dobits first, then credits Select the explanation on the last line of the journal entry table ) t The business received cash of $80,000 and issued common stock to Adam Webster More Info Date Accounts and Explanation Debit Credit May 1 May1 The business recelved cash of $80,000 and iasued common stock to Adam Webster 2 Purchased office supplies on account $300 4 Paid $44,000 cash for building and land The building had a fair market value of $40,000 6 Performed services for customers and received cash, $3,200 9 Paid $100 on accounts payable 17 Performed services for customers on account, $2.600 19 Pald rent expense for the month, $1,300 20 Received $1,200 from customers for services to be performed next 21 Paid $600 for advertising in next month's IT Technology magazine. 23 Recelved $1,900 cash on account from a customer 31 Incurred and paid salaries, $1,900 Print Done Choose trom any list or enter any number in the input teids and then click Check Answer 10 Clear All