Journal Entries Transaction Journal Entries 1. Paid monthly rent of $400. 2 Receined 5900 from customers when service was rendered. 3 Issued commen stock lo investors for $20,000. 4. Biled customers 5350 tor services performed. 5 Paid $2,000 divdend to stockholders. 6 Incured $200 advertising expense on account. 7 fiecowed full payment from customers billed in 44 above; 8 Purchased equipment wth a five year lfe for $3,000 9. Purchased inventory for $2,000, on account. 10 Purchased compulers for office use for $25,000 trom Dell, on acceunt. 11 Paid $400 tor current month's rent. 12 Received $12,000 trem customers for services performed 13. Provided computer services to customer for $5,000cash 14. Paid the utainy company $11,000 for current menth energy usage. 15 Stockholders invested an adafichal $30,000 in the business in exchange for common stoek 16 Paid Dell for computers purchased in at0 above. 17 Incurted advertaing expense of $1,000 tor current month, an account 18. Borrowed $15.000 by asuing bonds which pay interest at 7 . 19 Pertormed services on aceerunt for $8,000 20. Paid curtent month salaties of $28,000. 21. Putchased supples co account for $300. 22. Paid adrectsing cempany in full for amount billed in 417 above: 23 Recenped full paymient for amount belled in 119 above. 24 Hire secretary for 535,000 annual salafy 25. Fayd $2.000 for a 12 month insurance policy weich begins next month. 26- Received $5,000 for services to be peritormed next year. 27. Colected $5,000, and bined the remainder of $15,000 in senices performed. 2. Declared but nas nol poid $5,000 dindend to shareholdeers: 29 Purchased land for $50,000 by paying 55,000 down and issung a 30 year, 6% mortgage for the rest 30 Purchased inventory for 32,000 , on account. Prepare your entries below. Accourts or Gr ThANSACTION JOUEWAL EATEES 1 Reor finesile Eerth. 450. 7 3 4 s brisona H