Complete the following table to record the proper journal en…

Complete the following table to record the proper journal entries for each transaction.  Do not enter dollar signs. 1) On Jan. 1, issued no-par common stock for $500,000 cash. 2) On Jan. 1, Purchased $120,000 of inventory on account. 3) On February 1, paid suppliers $120,000 for inventory previously purchased on account. 4) On  Feb. 1 Sold $60,000 services on account. Transaction Number Account title Debit Credit 1 [BLANK-1] [BLANK-2] 1 [BLANK-3] [BLANK-4] 2 [BLANK-5] [BLANK-6] 2 [BLANK-7] [BLANK-8] 3 [BLANK-9] [BLANK-10] 3 [BLANK-11] [BLANK-12] 4 [BLANK-13] [BLANK-14] 4 [BLANK-15] [BLANK-16]

Complete the following table by indicating which section of…

Complete the following table by indicating which section of the Statement of Cash Flows it would be included in (choose Operating, Investing, or Financing) Cash Flows From Section of Statement of Cash Flows Purchase of a  building [BLANK-1] Interest from investments [BLANK-2] Issuing the company’s own stock [BLANK-3] Purchasing Inventory [BLANK-4] payment of income taxes [BLANK-5] sale of securities held as investment [BLANK-6] borrowing by issuing a note [BLANK-7] purchase of stocks of other companies [BLANK-8] cash collections from customers [BLANK-9] payment of interest on debt [BLANK-10]