2 Issued 56,000 shares of now.por common stock in exclunge for $560.000 in cath 2. Purchased aumentata cost of $97.000 $23.000 cash and and not pay to the der was signed for the tante wed 3. Purchased Inventory on account at a cost of $170.000 The company uses the perpetual nemory system 4 Credits for the month totaled $250,000. The cost of the goods sold was $150.000 5 Paid $7500 in rent on the warehouse building for the month of March 6. Paid $2750 to an insurance company for free and lotility insurance for one year period beginning April 1, 2020 2 Paid $150,000 on account for the merchandise purchased in 3 & Collected $112.So from customers on account 9. Recorded depreciation expense of $2.300 for the month on the quipment o Prepare jouma entries to record each of the transactions listed above. (if no entry is required for a transaction/event, select "No Journal entry required" in the first account field) View transaction Journal entry worksheet 1 5 6 5 10 Istund 56,000 shares of common stock in exchange for $560,000 in cash Not Enter de boce crede General Jos Debat Credit Transaction 01 Pooh Record entry Clear entry View generalerna