Journalize the following business transactions in general journal form. $($Credit account titles are automatically indented when the amount

is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit

entries before credit entries.$)$

The owner, Mai Li$,$ invests $$48,800$ in cash in starting a real estate office operating as a sole proprietorship.

Purchased $$610$ of supplies on credit.

Purchased equipment for $$10,980,$ paying $$4,880$ in cash and signed a $30-$day, $$6,100,$ note payable.

Real estate commissions billed to clients amount to $$4,880.$

Paid $$976$ in cash for the current month's rent.

Paid $$244$ cash on account for supplies purchased in transaction $2.$

Received a bill for $$732$ for advertising for the current month.

Paid $$3,050$ cash for office salaries and wages.

Li withdrew $$2,196$ from the business for living expenses.

Received a check for $$3,050$ from a client in payment on account for commissions billed in transaction $4.$