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Journalize the following transactions by Ayayal Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no

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Journalize the following transactions by Ayayal Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) 1 2 3 5 6 7 8 9. 10 Stockholders invest $80,000 cash to start the business Purchased three digital copy machines for $400,000, paying $100,000 cash and signing a 5 year, 6% note for the remainder Purchased $4.000 paper supplies on credit Cash received for photocopy services amounted to $7,000 Paid $400 cash for radio advertising Pald $600 on account for paper supplies purchased in transaction 3 Dividends of $1.200 were paid to stockholders. Paid $1,100 cash for rent for the current month. Received $2,000 cash advance from a customer for future copying Billed a customer for $300 for photocopy services completed No. Account Titles and Explanation Debit Credit 1. 2 Debit No. Account Titles and Explanation 1. Credit 2 3. 4. 5. 6. 7 6. 7 8. 9. 10

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