Transactions for the Ace Company for the month of November are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations.

$1.$ Stockholders invested an additional $$40,000$ cash in the business.

$2.$ Purchased land costing $$18,000$ for cash.

$3.$ Purchased equipment costing $$45,000$ for $$4,500$ cash, with the remainder due in $30$ days.

$4.$ Purchased supplies on account for $$800.$

$5.$ Paid $$3,000$ for a one$-$year insurance policy.

$6.$ Received $$2,000$ cash for services performed.

$7.$ Received $$5,000$ for services previously performed on account.

$8.$ Paid wages to employees for $$2,500.$