Taylor Sheradon opened an accounting firm on January 1, 2018. During the month of January, the business completed the following transactions (Click the icon to view the transactions.) Read the requirements Requirement 1. Record transactions in the journal. Explanations are not required. (Record debits first, then credits Exclude explanations from any journal entries) Jan 1: The business sold $55,000 of common stock to open the firm, Sheradon & Associates, Inc. Date Jan Journal Entry Accounts Debit Credit Jan 3: Purchased supplies, $200, and fumiture, $3,300, on account. Make a compound entry. Journal Entry