QS 2-11 (Static) Preparing compound journal entries LO A1 Prepare compound journal entries for each transaction a. The owner invests $6,500 cash and $3,500 of equipment in the company in exchange for common stock. b. The company acquires $2,000 of supplies by paying $500 cash and putting $1,500 on credit (accounts payable). View transaction list Journal entry worksheet > 1 2 The owner Invests $6,500 cash and $3,500 of equipment in the company in exchange for common stock Debit Credit Note: Enter debits before credits General Journal Transaction Next > 5 of 10 Journal entry worksheet