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Journalize the following business transactions in general journal form. Identify each transaction by number 1. The company issues stock in exchange for $40,000 cash. 2.

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Journalize the following business transactions in general journal form. Identify each transaction by number 1. The company issues stock in exchange for $40,000 cash. 2. Purchased $400 of supplies on credit. 3. Purchased equipment for $8,000, paying $2,000 in cash and signed a 30-day, $6,000, note payable. 4. Real estate commissions billed to clients amount to $4,000 5. Paid $700 in cash for the current month's rent. 6. Paid $200 cash on account for supplies purchased in transaction 2. 7. Received a bill for $600 for advertising for the current month. 8. Paid $2,200 cash for office salaries and wages The company paid dividends of $1,500 10. Received a check for $3,000 from a client in payment on account for commissions billed in transaction 4 9

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