Journalize the transactions. Put answers in the yellow spots.

Just use this actually to create typical journal entries, ignore the yellow cells

1. The sole stockholder in the business invests $100,000 to start the business and common stock is given to him in exchange 2. The business buys some equipment, paying $8,500 cash, and signing a $4,500 note for the remainder that will be paid in three months. 3. Perform services for a customer on account, valued at $8,000 4. Purchase supplies from Staples on account, agreeing to pay $3,000 within 30 days 5, collect ss,500 from the customer in #3 6. Record the annual depreciation related to a $30,000 asset that has a five year useful life 7. Employees are paid every Friday for the five-day work week ending on that day. Salaries amount to $2,500 per week. The accounting period ends on a Thursday. Record the 8, pay $3,000 to Staples for the office supplies purchased in #4. 9. During the year, you collected $12,000 in advance from customers, and recorded those collections by crediting unearned revenue. On 12/31 you discover that you have earned $10,000 of those advance payments. Make the adjustment 10. Started the year with $5,000 in supplies. A physical count showed that there was $2,000 in supplies on hand at the end of the period. Record the adjustment. 1. The sole stockholder in the business invests $100,000 to start the business and common stock is given to him in exchange 2. The business buys some equipment, paying $8,500 cash, and signing a $4,500 note for the remainder that will be paid in three months. | 3, perform services for a astomer on account, valued at $8,000 4. Purchase supplies from Staples on account, agreeing to pay $3,000 within 30 days Collect $5,500 from the customer in #3 5, 6. Record the annual depreciation related to a $30,000 asset that has a five year useful life. 7. Employees are paid every Friday for the five-day work week ending on that day. Salaries amount to $2,500 per week. The accounting period ends on a Thursday. Record the adjustment. 8, Pay $3,000 to Staples for the office supplies purchased in #4. 9. During the year, you collected $12.000 in advance from customers, and recorded those collections by crediting unearned revenue. On 12/31 you discover that you have earned $10,000 of those advance payments. Make the adjustment. 10. Started the year with $5,000 in supplies. A physical count showed that there was $2,000 in supplies on hand at the end of the period. Record the adjustment. Sheetl