1. Journalize the following business transactions in general journal form. Identify each transaction by letter. Be sure to show ALL work!

1. The owner, Mai Li, invests $40,000 in cash in starting a real estate office operating as a sole proprietorship.
2. Purchased $500 of supplies on credit.
3. Purchased equipment for $9,000, paying $4,000 in cash and signed a 30-day, $5,000, note payable.
4. Real estate commissions billed to clients amount to $4,000.
5. Paid $800 in cash for the current months rent.
6. Paid $200 cash on account for supplies purchased in transaction b.
7. Received a bill for $600 for advertising for the current month.
8. Paid $2,500 cash for office salaries and wages.
1. Li withdrew $1,800 from the business for living expenses.
10. Received a check for $2,500 from a client in payment on account for commissions billed in transaction d.