More info July 1: Issued common stock for $16,000 July 5: Performed services on account for $12,000 July 9: Purchased office supplies on account for $800 July 10: Performed services for cash of $2,100 July 12: Received payment in full for services performed on account from July 5 July 24: Paid in full for office supplies purchased on July 9 July 25: Received and paid monthly electric bill of $350 July 30: Signed a note payable to purchase office furniture for $5,000 July 31: Paid monthly payroll of $3,300 July 1 : lssued common atock for $16,000 July 5: Performed services on account for $12,000 July 10: Performed services for cash of $2,100 Journal Entry Accounts and Explanations Debit Ihilv 12: Received payment in full for services performed on account from July 5