1.17 The following are the normal transactions of a servicing concern: 4. The owner invested cash. ‘41, Bought ball pens and papers 2. Paid telephone bills. fon account. 3. Borrowed money from PNB. 42. Sold the land for cash. 4. Bought office tables on credit 43, Bought filing cabinets on credit 5. The owner withdrew cash for his personal use 444, The owner made an adatl. cash 6. Bought computers for cash. investment. 7. Paid electric bils. 45, Services rendered on account, 8. Paid the account with the supplier. 46, Utlities paid 8. Cash received for services rendered. 47, Collected an account of a customer. 10. Billed customers for services rendered 48, Paid the account of a certain 11, Bought tools on account. supplier. 42. Paid in full the loan with the bank. 49, The salary of the janitor is paid. 18. Bought a piece of land making a down payment. '50. Insurance premium is paid. 14, Received a promissory note for services rendered. 18. Bought office supplies on credit 16. Paid advertisements. 17. Paid the services of a lawyer. 18. Bought newspapers for cash. 19. Paid telephone bil. 20. Issued a promissory note for money borrowed. 21. Bought stamps for cash. 22. Paid the rent of the office. 23. Bought a delivery truck with a 40% down payment. 24. Paid the following expenses: water bills, and insurance premium 25. Paid the municipal licenses and permits. 26. Issued a note in payment of an account 27. Received a note from a customer in payment of his account. 28. Paid the salaries of the following: office clerks and secretary. 29. Billed customers for services rendered, 30. Paid promissory note. 31. Collected a promissory note. 32. The owner brought home tools for his personal use. 33. The owner invested his typewriters in the business. 34. Mortgaged the land with the bank. 35. Cash services rendered to various customers 36. Collected the rental of a tenant. 37. Paid interest on the loan, 38. Collected the interest on the note receivable 38. Misc. income received 40. Misc. expenses paid. REQUIRED: 4. Prepare the journal entry (without the arvount) to record the: above transactions.