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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
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 0 for the amounts.) 1. Received $29,500 cash as investment from Clay Lee, the company's owner. 2. Purchased equipment for $47,200, paying $17,700 in cash and giving a note payable for the remainder. 3. Paid $3,540 for a one-year insurance policy. 4. Billed customers for $26,550 of services provided on account. 5. Paid monthly rent of $1,770. 6. Performed $7,670 of services and immediately received $7,670 cash. 7. Collected $2,360 from customers on account. 8. Hired a secretary. 9. Paid the secretary his first week's salary of $826
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