Journalize the following business transactions in general journal form and determine the resulting balance sheet and income statement balances. You may omit explanations of the transactions. 1. Stockholders invest $25,000 in cash in starting a real estate office operating as a corporation. 2. Purchased $500 of office supplies on credit. 3. Purchased office equipment for $10,000, paying $3,500 in cash and signed a 30- day, $6,500, note payable. 4. Real estate commissions billed to clients amount to $7,000. 5. Paid $800 in cash for the current month's rent. 6. Paid $250 cash on account for office supplies purchased in transaction 2. 7. Received a bill for $300 for utilities for the current month. 8. Paid $3,300 cash for salaries. 9. Paid $500 cash dividends to stockholders. 10. Received a check for $2,000 from a client in payment on account for commissions billed in transaction 4. Compute the following based only on the 10 transactions above: Assets $ Liabilities $ Equity $ Net income (loss) $_ A B 1 E c U cb X2 x2 E E I > 1. 2. 3. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Assets $ Liabilities $ Equity $ Net income (loss) $