2. 3. During 2022, its first year of operations as a delivery service, Cullumber Corp. entered into the following transactions. The fiscal year end for Cullumber is December 31. 1. Issued common shares to investors in exchange for $128,000 in cash. Borrowed $57,600 cash from the bank, due 2024. Purchased delivery vehicles for $76,800 cash. Received $33,280 from customers for services provided. Purchased supplies for $5,800 on account. Paid rent of $6,880. 7. Performed services on account for $12,800. Paid salaries of $35,840. Declared and paid a dividend of $14,080 to shareholders. 10. Paid income taxes of $480 for the month. 4. 5. 6. 8. 9. Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries.)