Handout NAME: Strand Corp is just starting business and had the following transactions: 1. Invested $100,000 into the business in return for 10,000 shares of S1 par, Common Stoclk 2. Sold $300,000 worth of services, 50% on account, 50% for cash 3. Purchased supplies inventory on account, $10,000 4 Purchasedcomputer systern for $20,000 borrowed90% from the bank, the remainder paid in cash 5. Collected S100,000 from customers previously sold to on account 6. Paid the following expenses: wages $150,000, utilities $20,000, rent $30,000 7, Paid the bank back 50% ofwhat they owed REQUIRED: 1. Make the Journal Entries (debits & credits) for the transactions above (no explanations necessary)