Recording Transactions Using Journal Entries and T-Accounts Use the information below to complete the following. (1) Receive 7,500 in exchange for common stock. (2) Borrow 1,500 from bank. (3) Purchase 300 of supplies inventory on credit. (4) Receive 2,250 cash from customers for services provided. (5) Pay 300 cash to supplier in transaction 3. (6) Receive order for future services with 525 advance payment. (7) Pay 750 cash dividend to shareholders. (8) Pay employees 900 cash for compensation earned. (9) Pay 75 cash for interest on loan in transaction 2. a. Prepare journal entries for each of the transaction (1) through (9). b. Set up T-accounts for each of the accounts used in part a. and post the journal entries to those T-accounts. (The T-accounts will not have opening balances.)

Recerding Transactions Using Journal fintries and T.Accounts Use the informabon belaw te compilete the followine - Prepare joumal enenies for each of the tranacton (1) through (9) Course Content / Module 3 / Assigned Homework Ch1-4