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Business, 26.02.2020 05:21 katefuly

Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions.

1. The Company issues stock in exchange for $35,000.
2. Purchased $400 of office supplies on credit.
3. Purchased office equipment for $8,000, paying $2,000 in cash and signed a 30-day, $6,000, note payable.
4. Real estate commissions billed to clients amount to $4,000.
5. Paid $700 in cash for the current month's rent.
6. Paid $200 cash on account for office supplies purchased in transaction 2.
7. Received a bill for $600 for advertising for the current month.
8. Paid $2,200 cash for office salaries.
9. The Company paid dividends of $1,200.
10. Received a check for $3,000 from a client in payment on account for commissions billed in transaction 4

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