journalize the transaction.

Journalize the transactions of entry is required, select "No Entry for the account thes and enter for the amounts Credit account titles are automatically indeed when amount is tard Doninden No. Account Titles and Explanation Debit Credit 1 Cash Common Stock 2. Equipment Cash 3 Supplies Accounts Payable Accounts Receivable Service Revenue 5 Advertising Expense Cash docx Suppres 1/2 TIR Accounts Payable 4. Accounts Receivable Service Revenue 5. Advertising Expense Cash 6. Cash Accounts Receivable 7. Accounts Payable Cash 8. Dividends Cash /questio Attempt in Progress 1. 2. 3. 4. 5. Issued stock to investors for $16,800 in cash. Purchased used car for $11,000 cash for use in business. Purchased supplies on account for $250. Selected transactions for Novak, an interior decorator corporation, in its first month of business, are as follows. Billed customers $4,650 for services performed. Paid creditor $220 cash on account. Paid $230 cash for advertising at the start of the business. Received $1,470 cash from customers billed in transaction (4). Paid dividends of $320 cash to stockholders. ranswer is correct