QS 2-11 (Algo) Preparing compound journal entries LO A1 Prepare compound journal entries for each transaction. a. The owner invests $14,000 cash and $11,000 of equipment in the company in exchange for common stock. b. The company acquires $9,500 of supplies by paying $2,000 cash and putting $7,500 on credit (accounts payable). View transaction list Journal entry worksheet 1 2 The owner invests $14,000 cash and $11,000 of equipment in the company in exchange for common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal