Prepare journal entries for each of the following transactions. (a) Issue stock for $1,000 cash (b) Purchase inventory for $500 cash (c) Sell inventory from (b) for $2,000 on credit (d) Record $500 for cost of inventory sold in (c) (e) Receive $2,000 cash on receivable from (c) (a) Answer 1 Answer 2 0 Answer 3 Answer 4 0 (b) Answer 5 Answer 6 0 Answer 7 Answer 8 0 (c) Answer 9 Answer 10 0 Answer 11 Answer 12 0 (d) Answer 13 Answer 14 0 Answer 15 Answer 16 0 (e) Answer 17 Answer 18 0 Answer 19 Answer 20 0