Journalize the following business transactions in general journal form. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 1. 2. 3. 4. 5. Received $49,000 cash as investment from Clay Gordon, the company's owner. Purchased equipment for $48,000, paying $23,500 in cash and giving a note payable for the remainder. Paid $11.500 for a one-year insurance policy. Billed customers for $31,000 of services provided on account. Paid monthly rent of $10,000 Performed $15,000 of services and immediately received $15,000 cash. Collected $10,500 from customers on account. Hired a secretary Paid the secretary his first week's salary of $2.400. 6. 7. 8. 9. No. Account Titles and Explanation Debit Credit 1. Cash 2