3-14 1-9 & B B: prepare T accounts from the journal entries completed in a cash t account assume a beginning balance of 10,000. balance a month? at was the Accounts Receivable Exercise 3-14 Journal Entries 03 5.6 EXAMPLE 34,35 re the journal entry to record each of the following independent transactions. (Use the numbe L Services provided on account of $1,530 2. Purchases of supplies on account for $1,365 3. Services provided for cash of $750 4. Purchase of equipment for cash of s4,240 r of the transaction in licu of a date for identification purposes.) Issuance of a promissory note for $2,500 6. Collections on account for $890 7. Sale of capital stock in exchange for a parcel of land; the land is appraised at $50,000 8. Payment of $4,000 in salaries and wages Payment of open account in the amount of $500 Account Titles and Explanation 1Accounts Receivable Sales Revenue SNo Debit 15 1530 2 Supplies 1365 1365 3 Cash Sales Revenue 4240 Cash 4240 s Cash Notes Payable 2500 2500 6 Cash 890 Accounts Receivable 890 7 Land 50,000 Capital Stocik 50,000 8 Salaries and Wages 4000 Cash 9 Accounts Payable Cash