Question: Prepare compound journal entries for each transaction. a. The owner invests $16,000 cash and $13,000 of equipment in the company in exchange for common stock.

Prepare compound journal entries for each transaction. a. The owner invests $16,000 cash and $13,000 of equipment in the company in exchange for common stock. b. The company acquires $11,500 of supplies by paying $2,400 cash and putting $9,100 on credit (accounts payable). Journal entry worksheet The owner invests $16,000 cash and $13,000 of equipment in the company in exchange for common stock.. Note: Enter debits before credits

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