Transactions for Sally Company for the month of October are presented below. 1. Issued ordinary shares in exchange for $50,000 cash 2. Purchased land costing $28,000 for cash. 3. Purchased equipment costing $20,000 for $3,000 cash and the remainder on credit 4. Purchased supplies on accoust for $800. S. Paid $1,000 for a one-year insurance policy 6. Received $3,000 cash for services performed 7. Received $4,000 for services previously performed on account 8. Paid salaries to employees for $2,500. 9 Paid dividends of $1,000 Instraction 1 . Journalize cach transaction and identify each transaction by number (You may omit journal explanations). to Cash and Service revenue accounts only 2 Post the jornal entries related to Cash and Service revenue accounts only Gencral Journel