Question 7 Record the journal entries for the following transactions 1. Stockholders invest $50,000 cash in the corporation DR $ CR 2. Signed a rental agreement for office space and paid $3,500 in advance for six months of rent beginning next month, DR 5 CR 3. Purchased $800 of office supplies on account. DR $ CR $ 4. Provided $26,000 of services to a customer on account. DR $ CR 5. Purchased equipment for $14,000 cash. DR CR 6. Paid $400 cash for a bill from the previous month. DR $ CR 7. Paid employees $3,800 cash for the work they performed in the current month. DR $ CR $