Journalize the following transactions. Include dates and a brief explanation for each journal entry. Journalize the following transactions for July.

July 1: Issued common stock for $20000

Journalize the following transactions. Include dates and a brief explanation for each journal entry. (Click the icon to view the transactions.) Journalize the following transactions for July. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 1: Issued common stock for $20,000 Journal Entry Accounts and Explanations Credit Date Debit Jul i - More Info July 1: Issued common stock for $20,000 July 5: Performed services on account for $3,000 July 9: Purchased office supplies on account for $400 July 10: Performed services for cash of $2,600 July 12: Received payment in full for services performed on account from July 5 July 24: Paid in full for office supplies purchased on July 9 July 25: Received and paid monthly electric bill of $350 July 30: Signed a note payable to purchase office furniture for $6,000 July 31: Paid monthly payroll of $3,700