Record the following transactions as journal entries. Owner contributed 57,000 in furniture in exchange for common stock Accounts and explanation Debit Credit Date Credit Now Paid 57,000 for repairs to the company truck Date Accounts and Explanation Debit Credit Paid 55,000 cash for rent Date Accounts and Explanation Debit Credit Paid $6,000 for advertising in the local paper Date Accounts and explanation Debit Credit Nov.5 Collected $7,000 cash for future services Date Accounts and explanation Debit Credit Nov. 5