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PA S 1. Record the journal entries for each of the transactions provided below (20 points) Transacti Debit Credit EXAMPLE Obtain a $10,000 loan at
PA S 1. Record the journal entries for each of the transactions provided below (20 points) Transacti Debit Credit EXAMPLE Obtain a $10,000 loan at the EXAMPLE: Cash 10,000 hank Note Payable 10,000 1. Innue common stock so Mockholders for $50,000 kash Purchase equipment for $15,000 cash Pay $2,000 cash fie kument month's rent 4. Pay $1,200 for next year's insurance in dvance Purchase supplies for $1,000 on account Pay supplier $500 for Amounts owed on account accounts payable) Receive $10,00 cash in advance from a customer for services to be provided next month 8. Provide services to customers for $5,000 cash 9. Provide services to customers for $1,500 on account 10. Pay $4,000 cash dividends to stockholders
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