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Transactions for the first month of operations of Davidson, Inc. are listed below. On the form provided on the following page, journalize these transactions in general journal form. Please refer to each transaction by number and skip a line between each entry. Omit explanations. Indicate "Na entry" If appropriate. A chart of accounts is provided. Cash Unearned Revenue Accounts Receivable Common Stock Supplies Dividends Prepaid Rent Service Revenue Equipment Wages Expense Notes Payable Advertising Expense Accounts Payable Rent Expense 1. The Company issues stock in exchange for $90,000 cash. 2. Paid $1,000 cash for the first month's rent. 3. Purchased $900 of supplies on credit. 4. Purchased equipment for $60,000 cash. 5. Performed $7.000 of services for a customer and received $1,000 6. Received a bill for $700 for advertising. Payment will be made next month. 7. Paid $700 on account for supplies purchased in transaction 3. 8. Received 5600 in advance for services which will be performed next month. 9. Billed a customer for $3,000 for services performed. Payment is due to be collected next month. ME Accounts Payable Rent Expense 1. The Company issues stock in exchange for $90,000 cash. 2. Paid $1,000 cash for the first month's rent. 3. Purchased $900 of supplies on credit. 4. Purchased equipment for $60,000 cash. 5. Performed $7.000 of services for a customer and received $1,000. 6. Received a bill for $700 for advertising. Payment will be made next month. 7. Paid 700 on account for supplies purchased in transaction 3. 8. Received $600 in advance for services which will be performed next month. 9. Billed a customer for $3,000 for services performed. Payment is due to be collected next month. 10. Paid receptionist for first month, $2,500. 11. Received full payment for remaining balance from customer in transaction 5. 12. Paid dividends of $1.400

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