Help Due Date: Sunday, February 21st Required: Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. 1. Stockholders invest $40,000 in cash in starting a real estate office operating as a corporation 2. Purchased $500 of supplies on credit 3. Purchased equipment for $25,000, paying $3,500 in cash and signed a 30-day, $21.500, note payable. 4. Real estate commissions billed to clients amount to $4,000. 5. Paid $700 in cash for the current month's rent. 6. Paid $250 cash on account for office supplies purchased in transaction 2. 7. Received a bill for $800 for advertising for the current month. 8. Paid $2,500 cash for office salaries. 9. Paid $1,200 cash dividends to stockholders. 10. Received a check for $2,000 from a client in payment on account for commissions billed in transaction 4. Remember: you are doing journal entries for a new business that is a corporation. ample elp ample