Problem 1: FL Wright began an architect firm. Prepare journal entries to record each of the following selected transactions. Use the transaction number in place of the date. 1. The business issued 1,000 shares of $5 par common stock for a total of $15,000. 2. The business signed a five-year note for $20,000 to buy equipment. 3. Three month's office rent of $2,400 was paid. 4. Office supplies of $4,500 were purchased on account. 5. A receptionist was hired at a salary of $500 per week. 6. Cash of $20,000 was received to draw plans for an office complex for a customer. The plans will be drawn next month. 7. Customers were billed $15,000 for plans drawn during the current month. 8. Customers paid $6,000 on account. 9. The receptionist was paid for two week's work 10. A dividend of $1,200 was paid