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

May 1 The clinic issued 1,000 additional shares of capital stock to Doctor Weston at $75 per share. 

May 4 The clinic purchased scoping equipment. The equipment cost $90,000, of which $30,000$90,000, of which $30,000 was paid in cash; a note payable was issued for the balance. 

May 12 Issued a check for $2,400 in full payment of an account payable to Leah Laboratories. 

May 19 Purchased office supplies on account for $240. Payment is due in full by June 10. 

May 25 Collected a $15,000 account receivable from the Goosinger Medical Insurance. 

May 31 Declared and paid a $50,000 cash dividend to stockholders.