chhw - Protected View - Saved to this PC- References l e Mailings Search Review can contain viruses. Unless you need to edit, it's safer to stay in Protected View View Help Enable Editing Journalize and post the following transactions for the new business PTS Corporation. Then prepare a trial balance, income statement, and balance sheet 1. ASD received $80,000 cash as an investment for which it issued common stock 2. ASD paid $30,000 for land; it paid $10,000 cash and the rest on a note payable. 3. The company bought $800 of office supplies on account. 4. The business performed a service for clients and received $8,500 cash. 5. The business performed services for clients on account for $3,000. 6. The business paid office rent of $2,100, employee salaries of $3,200, and utilities of $1,500 7. Paid off all of the account payable from transaction 3 8. The company collected $2,000 cash on the account from the clients in transactions. 9. The business made a credit sale of $5,000 10. The company paid dividends of $2,100