Journal entries for various transactions. Express the following transactions of Winkle Grocery Store, Inc., in journal entry form. You may omit explanations for the journal entries.

(1) Receives \(\$ 30,000\) from John Winkle in return for 1,000 shares of the firm's \(\$ 30\) par value common stock.

(2) Gives a 60 -day, 8 -percent note to a bank and receives \(\$ 5,000\) cash from the bank.

(3) Rents a building and pays the annual rental of \(\$ 12,000\) in advance.

(4) Acquires display equipment costing \(\$ 8,000\) and issues a check in full payment.

(5) Acquires merchandise inventory costing \(\$ 25,000\). The firm issues a check for \(\$ 12,000\), with the remainder payable in 30 days.

(6) Signs a contract with a nearby restaurant under which the restaurant agrees to purchase \(\$ 2,000\) of groceries each week. The firm receives a check for the first two weeks' orders in advance.
(7) Obtains a fire insurance policy providing \(\$ 50,000\) coverage beginning next month. It pays the one-year premium of \(\$ 1,200\).
(8) Pays \(\$ 600\) for advertisements that will appear in newspapers next month.
(9) Places an order with suppliers for \(\$ 35,000\) of merchandise to be delivered next month.