Journalizing Transactions}
Laurent Company rents and sells electronic equipment. During September 2018, Laurent engaged in the transactions described below.
Sept. 5 Purchased a Chevrolet truck for \(\$ 34,900\) cash 8 Purchased inventory for \(\$ 3,400\) on account 10 Purchased \(\$ 1,450\) of office supplies on credit 11 Rented sound equipment to a travelling stage play for \(\$ 12,800\). The producer of the play paid for the service at the time it was provided.
12 Rented sound equipment and lights to a local student organization for a school dance for \(\$ 3,600\). The student organization will pay for services within 30 days.
18 Paid employee wages of \(\$ 4,170\) that have been earned during September 22 Collected the receivable from the September 12 transaction 23 Borrowed \(\$ 14,100\) cash from a bank on a three-year note payable 28 Sold common shares to new shareholders for \(\$ 40,000\)
30 Declared and paid a \(\$ 4,350\) cash dividend to shareholders \section*{Required:}
Prepare a journal entry for each transaction.