Journalizing Business Transactions Prepare journal entries for each of the following transactions. (a) Issue stock for \\( \\$ 3,000 \\) cash (b) Purchase inventory for \\( \\$ 1,500 \\) cash (c) Sell inventory from (b) for \\( \\$ 6,000 \\) on credit (d) Record \\( \\$ 1,500 \\) for cost of inventory sold in (c) (e) Receive \\( \\$ 6,000 \\) cash on receivable from (c)