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3)  Journalize each of the following transactions or state no entry required and explain why. Be sure

     to follow proper journal writing rules.

A.     A company is started with an investment of a machine worth $40,000. Common stock is received in

exchange.

B.     Office furniture is ordered. The furniture worth $7,850 will be delivered in one week. The payment will

be due forty-five days after delivery.

C.     An advertisement was run in the newspaper at a total cost of $250. Cash was paid when the order was

placed.

D.    The office furniture is delivered.

E.      Services are performed for a client. The client was billed for $535.

financial accounting

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