Journal Entries Transaction Journal Entries 1 Paid monthly rent of $400 2 Received $800 from customers when service was rendered By issued common stock to investors for $20.000 4 Billed customers $350 for services performed 5 Paid 2000 dividend to stockholders. 16. incurred $200 advertising expense on account. 17 Received full payment from customers billed in above 8 Purchased equipment with a five year for 35,000 10 Purchased inventory for $2.000 on account 110 Purchased computers for office use for $25.000 from Del, on account 111 Paid $400 for current month's rent 112 Received $12.000 from customers for services performed 113 Provided computer services to customer for 55.000 cash 14 Pad the utility compa $11000 for current month energy usage 115 Stockholders invested an additional $30.000 in the business in exchange for common stock 16 Paid Del for computers purchased in 10 above 17 incurred advertising expense of $7.000 for current month, on account. 18 Borrowed $45.000 by issuing bonds which pay interest at 7% 19 Performed services on account for $8.000 20 Pald current month salaries of 528.000 121 Purchased supplies on account for $300 122 Pad advertsing company in full for amount billed in #17 above 123 Received full payment for amount billed in 19 above 124 Hre secretary for $35.000 annual salary 125 paid $2.000 for a 12 month insurance poicy which begins next month a 26 Received $5,000 for services to be performed next year 27 collected $5.000, and billed the remainder of $15.000 in services performed 128 Declared but has not paid $51000 dividend to shareholders 29 Purchased land for $50.000 by paying $5.000 down and issuing a so year, 6% mortgage for the rest 30 Purchased inventory for $2.000, on account