Journalize the following transactions in the general journal: Sept. 1 Sold common stock for cash $60,000. 1 Paid rent for the month, $1,500. 3 Borrowed $10,000 from a bank and signed a note payable agreeing to repay the $10,000 in one year plus 10% interest. 3 Purchased $5,500 of cleaning equipment; paid $3,000 down with the remainder due within 30 days. 4 Purchased cleaning supplies for $4,200 cash. 10 Received $3,500 from cash customers. 21 Billed customers for services, $3,800. 23 Paid $2,500 on account to cleaning equipment firm (see Sept. 3 transaction). 28 Collected $2,500 from customers on account. 29 Received electricity bill for the month, $85 and will pay it in October. 30 Paid wages for September, $1,950. 30 Paid service station for gasoline used during September, $275. 30 Paid dividends, $900.

See explanation

Explanation:

September 1:

Debit Common stock $6000

Credit: Cash $60000

September 1:

Debit: Rent $1500

Credit: Cash $1500

September 3:

Debit: Cash $10000

Credit: Note payable $10000

September 3:

Debit: Cleaning Equipment $5,500

Credit: Cash$3,000

Credit: Account payable $2,500

September 4:

Debit: Supplies $4200

Credit: Cash $4200

September 10:

Debit: Cash $3500

Credit: Service revenue $3500

September 21:

Debit: Account receivable $3800

Credit: Service revenue $3800

September 23:

Debit: Account payable $2500

Credit: Cash $2500

September 28:

Debit: Bank $2800

Credit: Account receivable $2800

September 29:

Debit: Electricity expense $85

Credit: Electricity payable $85

September 30:

Debit: Wages $1950

Credit: Cash $1950

September 30:

Debit: Gasoline $275

Credit: Cash $275

September 30:

Debit Dividend $900

Credit Cash $900

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answer; private store;