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Journalize Transactions 2-Mar Sold shares of stock in exchange for cash, $40,000 2 Paid in advance for Insurance, $12000 3 Paid in advance for Rent,

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2-Mar Sold shares of stock in exchange for cash, $40,000 2 Paid in advance for Insurance, $12000 3 Paid in advance for Rent, $30,000 4 Provided services on account, $40,000 5 Purchased supplies costing $5000; Paid 50% and remainder is on account 6 Provided services totaling $20,000; Received 30% and remainder is on account 8 Paid Utilities, $5000 9 Received $40,000 for work to be performed at a future date 15 Paid for Advertising, $2000 20 Paid salaries, $35,000 21 Receved $1000 from customers who were previously billed 25 Paid creditor amount owed, $1500 30 Earned $5000 from March 9 transaction

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