Jeanene Flood, Certified Public Accountant, operates as a professional corporation, (P.C.). The business completed these transactions during the frst part of March 2018: (Click the icon to view the transactions.) Read the requirements Requirement 1. Joumalize the transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Mar 2: Received $8,000 cash from Flood, and issued common stock to her. Journal Entry Date Accounts Debit Credit Dan Crater opened a software consulting firm that immediately paid $28,000 for a computer system. Was Crater's computer system an expense of the business? If not, explain Crater's payment an expense. Crater because the computer is an) of the business was was not