Journalize the following business transactions in general journal form. Identify each transaction by number. 1. 2. 3. 4 5. The company issues stock in exchange for $40,000 cash. Purchased $400 of supplies on credit. Purchased equipment for $8,000, paying $2,000 in cash and signed a 30-day, $6,000, note payable. Real estate commissions billed to clients amount to $4,000. Paid $700 in cash for the current month's rent. Paid $200 cash on account for supplies purchased in transaction 2. Received a bill for $600 for advertising for the current month Paid $2,200 cash for office salaries and wages. The company paid dividends of $1,500. Received a check for $3.000 from a client in payment on account for commissions billed in transaction 4. 6. 7. 8. 9. 10. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8