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answer all parts please 40. Transactions for Tom Petty Company for the...

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Accounting

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40. Transactions for Tom Petty Company for the month of October are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations. 1. Invested $20,000 cash in the business in exchange for stock. 2. Purchased land costing $14,000 for cash. 3. Purchased equipment costing $10,000 for $2,000 cash and the remainder on credit. 4. Purchased supplies on account for $400. 5. Paid $1,200 for a one-year insurance policy. 6. Received $2,000 cash for services performed. 7. Received $1,000 for services previously performed on account. 8. Paid wages to employees for $2,000. 9. Paid dividends of $1,000

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