Jay Smith began stationery retail sales business and completed these transactions during the month of November: (a) Began business with $20,000 cash. Purchased office furniture and equipment for $5,000 and $2,000 respectively. (b) Purchased office supplies $75. Paid rent $500. Paid utilities $400. (c) Purchased stationery for sale on credit $1,500. (d) Completed a customer's order on credit, $500. (e) Received $500 for the stationery sold in Transaction d. Prepare journal entries to record the above transactions.