View Policies Current Attempt in Progress Transactions for Tom Petty Company for the month of October are presented below. 1. 2. 3. 4. 5. Invested $40,000 cash in the business in exchange for stock. Purchased land costing $28,000 for cash. Purchased equipment costing $15,000 for $3,000 cash and the remainder on credit. Purchased supplies on account for $800. Paid $1,000 for a one-year insurance policy. Received $3,000 cash for services performed. Received $4,000 for services previously performed on account. Paid wages to employees for $2,500. Paid dividends of $2,000 6. 7. 8. 9. Journalize each transaction and identify each transaction by number. (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 for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2