January 1: Company ABC issues $100,000 of common stock. Date Account Name Debit Credit Journal Entry #2 January 5: Company ABC borrows $50,000 from the bank by signing a note. Date Account Name Debit Credit Journal Entry #3 January 7: Company ABC purchases $20,000 of equipment with cash. Date Account Name Debit Credit Journal Entry #4 January 8: Company ABC purchases $1,000 of supplies on account. Date Account Name Debit Credit