Using the journal entry form that is in files prepare the correct journal entries for each of the transactions listed below. Use the Chart of Accounts for the account title and numbers. Transactions Date 08/01 Issued capital stock for cash $150,000 08/03 Borrowed $40,000 from the bank on a note 08/04 Purchased cleaning equipment for $25,000 cash 08/06 Performed services for customers on account for $16.000 08/07 Paid rent for the month in the amount of $2.800 08/08 Collected $16,000 from services performed on August 6 08/15 Received utilities bill for $500 08/30 Paid employee salaries for $6.000 08/30 Declared and paid dividends for $2,000

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