Journalize the following business transactions in general journal form. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$1.$ Received $$27,000$ cash as investment from Clay Martin, the company$$s owner.

$2.$ Purchased equipment for $$43,200,$ paying $$16,200$ in cash and giving a note payable for the remainder.

$3.$ Paid $$3,240$ for a one$-$year insurance policy.

$4.$ Billed customers for $$24,300$ of services provided on account.

$5.$ Paid monthly rent of $$1,620.$

$6.$ Performed $$7,020$ of services and immediately received $$7,020$ cash.

$7.$ Collected $$2,160$ from customers on account.

$8.$ Hired a secretary$.$

$9.$ Paid the secretary his first week$$s salary of $$756.$

Answer rating: 100% (QA)

Here are the journal entries for the given transactions Received 27000 cash as investment from ... View the full answer