Journalise the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions.

1. The company issues shares in exchange for $40,000 cash

2. Purchased $400 of supplies on credit

3. Purchased equipment for $8,000, paying $2,000 in cash and signed a 30-day, $6,000, note payable

4. Real estate commissions billed to clients amount to $4,000

5. Paid $700 in cash for the current month's rent

6. Paid $200 cash on account for supplies purchased in transaction 2

7. Received a bill for $600 for advertising for the current month

8. Paid $2,200 cash for office salaries and wages

9. The company paid dividends of $1,500

10. Received a cheque for $3,000 from a client in payment on account for commissions billed in transaction 4