O'Brien Construction had the following business activities:

Stockholders invest $$25,000$ cash in the corporation.

O'Brien purchased $$400$ of office supplies on credit.

O'Brien purchased office equipment for $$7,000,$ paying $$2,500$ in cash and signing a $30-$day notes payable for the remainder.

O'Brien paid $$200$ cash on account for office supplies purchased in transaction $2.$

O'Brien purchased two acres of land for $$10,000,$ signing a $2-$year notes payable.

O'Brien sold one acre of land at one$-$half of the total cost of the two acres, receiving the full amount or $$5,000$ in cash.

O'Brien made a payment of $$5,000$ on its $2-$year note.

Required:

Prepare the journal entries that would be used to record the transactions. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

A

B

C

D

$E$

$F$

G

Record the entry for investment of $$25,000$ cash in the corporation by stockholders.

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,]]$

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