Selected transactions for Bramble, an interior decorator corporation, in its first month of business, are as follows. 1. 2 3. 4 Issued stock to investors for $16,000 in cash. Purchased used car for $10,700 cash for use in business. Purchased supplies on account for $400. Billed customers $4.010 for services performed. Paid $160 cash for advertising at the start of the business. Received $1.530 cash from customers billed in transaction (4) Paid creditor $400 cash on account Paid dividends of $530 cash to stockholders. 5. 6. 7. 8. Joumalize the transactions. (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit occount titles are automatically indented when amount is entered. Do not Indent manually) Debit Credit No. Account Titles and Explanation Cash Common Stock 1 To record common stock Issued to investors Fixed Asset Cash 2. To record purchase of fixed asset Office Supplies Account payable 3 To record purchase of office supplies To record billing to customer Revenue Accounts Receivable 5. Cash Advertising Expenses To record advertisement expenses pald 6. Accounts Receivable Cash To record cash received from customer 7. To record payment to supplier Account Payable Cash 8. To record payment of dividends Dividends Cash