1. Record the journal entry for the following transactions.Be sure to put the debit side and the credit side in proper form (i.e. debit listed first and not indented, credit listed 2^nd and indented; do not draw T-accounts or do not use the horizontal model format) :

1. Issued common stock for $75,000 cash.
2. Performed services worth $25,500 on account.
3. Received a cash payment of $2,500 from a customer on account.