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Journalize business transactions in general journal form

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

1. Received $50,000 from stockholders.

2. Purchased equipment for $75,000, paying $15,000 in cash and giving a note payable for the remainder.

3. Paid $3,000 rent for the month.

4. Recorded $12,500 of services provided on account.

5. Paid wages of $9,500.

6. Received $7,000 in cash for services provided.

7. Collected $2,000 from customers on account.

Reference no: EM132630824

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