Journalize the transactions for Riko Corporation given in BE3-4.

BE3-4

Riko Corporation has the following selected transactions:

1. Issued common shares to shareholders in exchange for $5,000.

2. Paid rent in advance for six months, $2,100.

3. Paid administrative assistant $500 salary.

4. Billed clients $1,200 for services provided.

5. Received $900 from clients for services provided in item 4 above.

6. Purchased $500 of supplies on account.

7. Paid supplier amount owing, $500.

8. Borrowed $1,000 cash from the bank.