Required: The following information is from the records of attorney Glenn Price. Select appropriate descriptions provided in dropdowns for the accounting event represented in each of the following general journal entries. Enter answers for transactions in the given order.

Date Account Titles Debit Credit Jan. 1 Cash 40,000 Common stock 40,000 Feb. 1 Cash 24,000 Service revenue 24,000 Mar. 1 Prepaid rent 1,600 Cash 1,600 Apr. 1 Accounts receivable 48,000 Service revenue 48,000 May 1 Supplies 2,000 Cash 2,000 June 10 Cash 8,000 Unearned revenue 8,000 July 10 Cash 8,800 Accounts receivable 8,800 Aug. 1 Salaries expense 4,000 Cash 4,000 Oct. 1 Dividends 2,000 Cash 2,000 Nov. 1 Property tax expense 3,000 Cash 3,000 Dec. 31 Rent expense 4,400 Prepaid rent 4,400 31 Unearned revenue 2,240 Service revenue 2,240 31 Supplies expense 8,00 Supplies 8,00

Options in drop down are:

Acquired cash from the issue of common stock. Collected cash for services to be performed in the future. Paid a cash dividend to stockholders. Paid cash for property taxes. Paid cash for salaries. Paid cash for supplies. Paid cash to rent space for the future. Performed services and received cash. Performed services on account. Received cash from customers on account. Recognized expense for supplies that had been used during the period. Recognized rent expense. Cash had been paid in a prior transaction. Recognized revenue that had been earned during the period. Cash had been received in prior transactions.