Journalize each of the following transactions or state no entry required and explain why. Be sure to follow proper journal writing rules.
A. A company is started with an investment of a machine worth $40,000. Common stock is received in exchange.
B. Office furniture is ordered. The furniture worth $7,850 will be delivered in one week. The payment will be due forty-five days after delivery.
C. An advertisement was run in the newspaper at a total cost of $250. Cash was paid when the order was placed.
D. The office furniture is delivered.
E. Services are performed for a client. The client was billed for $535.