1. Credit sales fo 1. Credit sales for the year amounted to $336,000. 2. The cost of goods sold was $218,400. 3. Collected accounts receivable, $352,800 4. Purchased inventory on account, $235,200. 5. Issued 700 shares of common stock for $25 per share. 6. Wrote off $9,800 of uncollectible accounts using the nce for bad debts. 7. Declared and paid a cash dividend, $28,000 8. Sold marketable securities costing $36,400 for $43400 in cash. 9. Recorded insurance expense for the year, $16800. The premium for the policy was paid in June 2013. 10. Borrowed cash on a short-term bank loan, $14,000. 11. Repaid orincipal of $56000 200 on a and interest of $4 journal entry has been entered