Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. 1. Received $50,000 from stockholders. 2. Purchased equipment for $75,000, paying $15,000 in cash and giving a note payable for the remainder. 3. Paid $3,000 rent for the month. 4. Recorded $12,500 of services provided on account. 5. Paid wages of $9,500. 6. Received $7,000 in cash for services provided. 7. Collected $2,000 from customers on account.

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