January 1 Issued common stock in exchange for

$14,000

cash.\ January 5 Obtained a

$10,000

loan from the bank by signing a note.\ January 10 Purchased equipment for

$35,000

cash.\ January 15 Purchased advertising for the month of January for

$1,200

.\ January 20 Provided services for

$20,000

on account.\ January 22 Received

$12,000

cash on account from the January 20 services.\ January 29 Paid salaries for the current month

$7,000

.\ REQUIRED: Record the journal entry for each of the transactions above using the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense.\ 2. Below is a list of typical accounts:\ \\\\table[[Account,Type of Account,Normal Balance (Debit or Credit)],[1. Advertising expense,,],[2. Supplies,,],[3. Prepaid insurance,,],[4. Supplies expense,,],[5. Cash,,],[6. Accounts receivable,,]]

REQUIRED: Record the journal entry for each of the transactions above using the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense. 2. Below is a list of typical accounts