Weygandt, Financial Accounting, 10e Help I System Announcements Question 16 (a) Mark Stein invests $9,600 cash in the business in exchange for shares of common stock. (b) Insurance of $800 is paid for the year. (c) Supplies of $2,300 are purchased on account. (d) Cash of $7,800 is received for services performed. Journalize the above business transactions. (Credit account titles are automatically indented whe titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit (Issued shares of stock for cash) (Paid one-year insurance policy)