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Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. Stockholders invest $40,000 in

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

Stockholders invest $40,000 in cash in starting a real estate office operating as a corporation. Stock is issued at par value.

Account Name

Debit

Credit

Purchased $500 of supplies on credit.

Account Name

Debit

Credit

Purchased equipment for $25,000, paying $3,500 in cash and signed a 30-day, $21,500, note payable.

Account Name

Debit

Credit

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

Account Name

Debit

Credit

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

Account Name

Debit

Credit

Paid $250 cash on account for office supplies purchased in transaction 2.

Account Name

Debit

Credit

Received a bill for $800 for advertising for the current month.

Account Name

Debit

Credit

8. Paid $2,500 cash for office salaries.

Account Name

Debit

Credit

9. Paid $100 interest due on loan.

Account Name

Debit

Credit

10. Received a check for $2,000 from a client in payment on account for commissions billed in transaction 4.

Account Name

Debit

Credit

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