Question: Current Attempt in Progress Journalize the following transactions by Indigo Printing Company. (Credit account titles are automatically indented when the amount is entered. Do
Current Attempt in Progress Journalize the following transactions by Indigo Printing Company. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 1. Stockholders invest $86,000 cash to start the business. 2. Purchased three digital copy machines for $450,000, paying $105,000 cash and signing a 5-year, 6% note for the remainder. 3. Purchased $5,900 paper supplies on credit. 4. Cash received for photocopy services amounted to $7,800. 5. Paid $500 cash for radio advertising. 6. Paid $850 on account for paper supplies purchased in transaction 3. 7. Dividends of $1,500 were paid to stockholders. 8. Paid $2,000 cash for rent for the current month. 9. Received $2,100 cash advance from a customer for future copying. 10. Billed a customer for $450 for photocopy services completed. No. Account Titles and Explanation 1. 2. Debit Credit
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