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Required: Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. Stockholders invest $40,000

Required: Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions.

  1. Stockholders invest $40,000 in cash in starting a real estate office operating as a corporation.
  2. Purchased $500 of supplies on credit.
  3. Purchased equipment for $25,000, paying $3,500 in cash and signed a 30-day, $21,500, note payable.
  4. Real estate commissions billed to clients amount to $4,000.
  5. Paid $700 in cash for the current month's rent.
  6. Paid $250 cash on account for office supplies purchased in transaction 2.
  7. Received a bill for $800 for advertising for the current month.
  8. Paid $2,500 cash for office salaries.
  9. Paid $1,200 cash dividends to stockholders.
  10. Received a check for $2,000 from a client in payment on account for commissions billed in transaction 4.

Remember: you are doing journal entries for a new business that is a corporation.

Table printed format if possible, thank you.

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