JOURNAL ENTRIES: Record Transactions Example Transaction Started business by issuing 10,000 shares of common stock for $20,000. Answer for Example DR Cash 20,000 CR Common Stock 20,000 REQUIRED Record the following transactions using the form shown above. If a journal entry is not required write "No Entry 1. Perted a building for three years at $500 per month and paid six months' rent in advance. 2. Purchased equipment for $5,400 cash 1. Provided services to customers for $7,800 cash.