Journalize the following transactions.

Jan. 1 stockholders invested $50,000 in the business in exchange for common stock.

Jan 5 Incurred advertising expense of $500 on account.

Jan 11 Invoiced clients for services performed totaling $3,000.

Jan 15 The business purchased equipment for $55,000 cash.

Jan 17 Performed services for client and received $2,000 cash

Jan 20 Declared and paid a $500 cash dividends.

Jan 26 Client paid the balance due on the invoice that was sent to them on Jan 11th.

Jan 31 Paid wages to employees totaling $2,250