Joumalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations. 2 . 1 Received $50,000 from shareholders in payment for common shares issued . Purchased equipment for $90,000, paying $30,000 in cash and signing a bank loan for the balance Paid $1,200 for a one-year insurance policy 4. Recorded $25.000 for services provided on account 5. Paid salaries of $6,500 Received $15.000 in cash for services provided 7 Collected $4.000 from customers on account 8 Received $2,000 from a new customer for services to be provided next month Prepare entries to record the transactions above