Record the following selected transactions in general journal form for Quantum Clinic, Inc. Include a brief explanation of the transaction as part of each journal entry.

Oct. 1 The clinic issued 5,000 additional shares of capital stock to Doctor Soges at $72 per share.

Oct. 4 The clinic purchased diagnostic equipment. The equipment cost $300,000, of which $120,000 was paid in cash; a note payable was issued for the balance.

Oct. 12 Issued a check for $7,200 in full payment of an account payable to Zeller Laboratories.

Oct. 19 Purchased surgical supplies for $4,800. Payment is not due until November 28.

Oct. 25 Collected an $96,000 account receivable from Health One Insurance Company.

Oct. 30 Declared and paid a $600,000 cash dividend to stockholders.