Question 18 NOTE: The following question will not be manually marked. The solution will be posted via a Blackboard announcement after the due date. It is incumbent upon you to ensure that you check your work. I might be able to check some of the early submissions. Prepare journal entries for the following transactions: Mar2 Issued common shares for $11,000 cash. 4 Purchased used car for $1,000 cash and $9,000 on account, for use in the business. 10 Billed customers $2,300 for services performed. 13 Paid $225 cash to advertise business opening. 25 Received $1,000 cash from customers billed on March 10 27 Paid amount owing for used car purchased on March 4 30 Received $700 cash from a customer for services to be performed in April. 31 Declared and paid $300 of dividends to shareholders