Journalize these accounting transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

(a)		Stockholders invested $12,720 in the business in exchange for common stock.
(b)		Insurance of $848 is paid for the year.
(c)		Supplies of $1,908 are purchased on account.
(d)		Cash of $7,950 is received for services rendered.

	Account Titles and Explanation	Debit	Credit
(a)	enter an account title for issuance of stock for cash	enter a debit amount	enter a credit amount
	enter an account title for issuance of stock for cash	enter a debit amount	enter a credit amount
	(Issued stock for cash)
(b)	enter an account title to record the payment of one-year insurance policy	enter a debit amount	enter a credit amount
	enter an account title to record the payment of one-year insurance policy	enter a debit amount	enter a credit amount
	(Paid one-year insurance policy)
(c)	enter an account title to record the purchases of supplies	enter a debit amount	enter a credit amount
	enter an account title to record the purchases of supplies	enter a debit amount	enter a credit amount
	(Purchased supplies on account)
(d)	enter an account title to record the cash received for services rendered	enter a debit amount	enter a credit amount
	enter an account title to record the cash received for services rendered	enter a debit amount	enter a credit amount
	(Received cash for services rendered)