Prepare the journal entries for each of the following transactions:

a)Issued common stock for $3,000 cash

b)Purchased $2,000 of equipment on credit

c)Paid $400 cash for this month's rent

d)Purchased on credit $4,000 of supplies to be used next month

e)Billed$25,000 to customers for repairs made to date

f)Paid cash for one-half of the amount owed from transaction 4

g)Collected $500 of the amount billed in transaction 5

h)Sold one-half of the equipment purchased in transaction 2, for $1,000 cash