Prepare Journal Entries for the followings:

1 Jan 2 Received utility bill for $1,000 and recorded it on account. 2 Jan 4 Purchased supplies for $7,000 using cash. (use Supplies asset account) 3 Jan 6 Performed $30,000 services on account. 4 Jan 9 Paid $10,000 of current month salaries. 5 Jan 11 Paid $16,000 of accounts payable. 6 Jan 13 Purchased equipment for $12,000 using a long-term note payable. 7 Jan 16 Paid $1,000 of dividends. 8 Jan 19 Issued $29,000 of common stock. 9 Jan 25 Collected $18,000 from previously billed customers. 10 Jan 28 Made a $22,000 payment on the long-term note.