Journalize the following selected transactions for January.

January 1 Issued common stock in exchange for $14,000 cash.

2 Received cash for providing accounting services, $9,500.

3 Billed customers for services provided on account, $4,200.

4 Paid advertising expense, $700.

5 Received cash from customers on account, $2,500.

6 Paid dividends, $1,010.

7 Purchased supplies on account, $500.

8 Paid utility (telephone) bill, $900.