q 2

Transactions for Ed Petry Company for the month of October are presented below. Joumaize each transaction and identify each transaction by number. You may omit journal explanations. 1. Invested an additional $40,000 cash in the business. 2. Purchased land costing $28,000 for cash. 3. Purchased equipment costing $12,000 for $3,000 cash and the remainder on credit. 4. Purchased supplies on account for $800. 5. Paid $1,000 for a one-year insurance policy. 6. Received $3,000 cash for services performed. 7. Received $4,000 for services previously performed on account. 8. Paid wages to employees for $2,500. 9. Dividends of $1,000 cash from the business