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Label each journal entry by the transaction number for that entry. You do not need to provide explanations for the journal entries. 1. Stockholders invested

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Label each journal entry by the transaction number for that entry. You do not need to provide explanations for the journal entries. 1. Stockholders invested $200,000 cash for the purpose of starting a custom car painting business -- operating as a corporation. 2. Purchased $2,765 of shop supplies on account. 3. Purchased shop equipment for $28,000, by paying $3,000 in cash for a down payment, and by signing a note payable due in one year in the amount of $25,000 to cover the balance of the purchase price. 4. Completed a custom car classic painting job and billed the customer $5,375. 5. Paid $3,600 in cash for the current month's rent on the shop. 6. Paid $2,765 cash on account, for the shop supplies purchased in \#2 above. 7. Received a bill for $900 for advertising during the current month. 8. Paid $3,450 cash for shop employee wages. 9. Paid $1,200 cash dividends to stockholders. 10. Received a check for $5,375 as payment in full for the custom car classic paint job billed in \# 4 above

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