Prepare compound journal entries for each transaction. a. The owner, J. Cruz, invests $7,000 cash and $4,000 of equipment in the company. b. The company acquires $2,500 of supplies by paying $600 cash and putting $1,900 on credit (accounts payable). Journal entry worksheet The owner, J. Cruz, invests $7,000 cash and $4,000 of equipment in the company. Note: Enter debits before credits. Journal entry worksheet 1 The company acquires $2,500 of supplies by paying $600 cash and putting $1,900 on credit (accounts payable). Note: Enter debits before credits