Journal Entries and Posting to T-Account April Stewart opened an advertising business and during a short period as an agent completed these business transactions: a Invested cash of $50,000 and office equipment with a $20,000 fair value in an advertising agency called Stewart Advertising. b. Purchased land valued at $60,000 and a small office building valued at $43, 500 cash and signing a long-term note payable to pay the balance over a period of years. c. Purchased office supplies on credit, $480. d. Purchased additional office equipment on credit, $2, 500. e. Sold an advertisement and collected a $3, 500 cash fee on the sale. f. Paid $450 for a magazine advertisement that had already appeared. g. Paid $1, 500 toward the office equipment purchased in d. h. Purchased a new computer for the business, paying $1,000. i. Completed a marketing research assignment on credit and billed the client $1, 300. j. Paid the secretary's salary, $800. k. Received payment in full for the marketing research of transaction i. l. Stewart withdrew $1, 800 from the business to pay personal expenses. Required: a. Journalize the above transactions. (Use the following accounts: Cash: Accounts Receivable Office Supplies: Automobiles: Office Equipment: Building: Land: Accounts Payable: Long-Term Notes Payable: Stewart, Capital: Stewart, Withdrawals: Advertising Fees Earned" Marketing Research Fees Earned: Salaries Expense: and Advertising Expense.) b. Post to T-accounts for Cash and Accounts Payable