Prepare compound journal entries for each transaction a. The owner invests $8,000 cash and $5,000 of equipment in the company in exchange for common stock. b. The company acquires $3,500 of supplies by paying $800 cash and putting $2.700 on credit (accounts payable). Journal entry worksheet The owner invests $8,000 cash and $5,000 of equipment in the company in exchange for common stock. Note: Enter debits before credits. Transaction General Journali Debit Credit Record entry