L Purchased equipment on account for $9.500. 2 1 4 6 Paid $1,800 for rent for the month of May Performed computer services for $3,850 on account. Paid Buffalo Hydro $200 cash for utilities used in May. Borrowed $25,000 from the bank. Paid supplier for equipment purchased in transaction (1). 7. Purchased a one-year insurance policy for $700 cash. Received $3,000 cash in partial payment of the account owed in transaction (3) *Declared and paid $610 of dividends to stockholders. 10. Paid incomes taxes of $220 for the month. Journalize the above transactions. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) No. Account Tides and Explanation Debit 2 3.