Record the journal entries for the following transactions. Make sure to indent credits and insert a line between journal entries please along with a date. Jan 1 Ben invested $45,000 cash in the business and received company's common stock. Jan 1 Purchased equipment for $50,000. Paid $15,000 cash and signed Notes Payable for the rest. Jan 2 Performed $1,500 services on account. Jan 3 Purchased $1,000 of supplies on account from Office Max. Terms 1/10,n/30. FOB destination. Jan 3 Purchased $20,000 of merchandise from LLC on account. The purchase term is 5/15. n/30, FOB destination point. Jan 6 Returned $1,000 defective merchandise to LLC. Jan 7 Sold $8,000 of merchandise to a customer for cash. The cost of the merchandise sold is $5,500. Jan 9 Paid for the supplies purchased on January 3. Jan 10 Paid for the merchandise purchased on January 3 Jan 12 Paid $7,000 dividends to shareholders