Three former college classmates have decided to pool a variety of work experie

Three former college classmates have decided to pool a variety of work experiences by opening a store near campus to sell wireless
equipment to students. The business has been incorporated as University Wireless.

Transaction 4

Advertising was purchased on open account for $2500 from a newspaper owned by one of the stockholders; additional advertising services of
$7000 were acquired for cash. [Note: Combine both transactions into one entry].

Account: Dollar amount:

Account: Dollar amount:

Account: Dollar amount:

Account: Dollar amount:

Account: Dollar amount:

For account parts you should choose from options below:Cash
Accounts Receivable
Inventory
Prepaid Rent
Fixtures and equipments
Accounts Payable
Interest Payable
Wages Payable
Notes Payable
Paid-in Capital
Retained Earnings
Leave Bank