Prepare compound journal entries for each transaction. a. The owner invests $8,000 cash and $5,000 of equipment in the company in exchange for common stock. b. The company acquires $3,500 of supplies by paying $800 cash and putting $2,700 on credit (accounts payable). View transaction lat Journal entry worksheet 2 The owner invests $8,000 cash and $5,000 of equipment in the company in exchange for common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal