4. The business purchased $8,000 of office supplies on credit.
2. The business purchased insurance of $18,000 on credit that covers the entire year.
3. The business purchased Belmont Drive for a total of $15,000 (land=$1,000 and two houses/hotel=$14,000)
4. Paid for half of the insurance purchased in #2 above.
5. A customer (renter) paid you $10,000 for rent for February 2024 (next month's rent).
6. You earned January 2024 rent income totaling $20,000 from customers (renters) for Belmont Drive that will pay
you in February 2024.
7. The stockholders' withdrew a $7,000 dividend from the business.