2. Kim, Inc. has shops in the shopping malls of a major metropolitan area. The business completed the following transactions: (20 marks) June 1 2 7 10 15 15 16 17 Received cash of $25,000, and issued common shares to a shareholder Paid $10,000 cash, and signed a $30,000 note payable to purchase land for a new glassworks site. Received $20,000 cash from sales and deposited that amount in the bank. Purchased supplies on account, $1,000. Paid employees' salaries, $2,800, and rent on a shop, $1,800. Paid advertising expense, $1,100. Paid $1,000 on account Declared and paid a cash dividend of $2,000. Kim, Inc. uses the following accounts: Cash, Supplies, Land, Accounts Payable, Note Payable, Share Capital, Dividends, Sales Revenue, Salary Expense, Rent Expense, and Advertising Expense. 2. Kim, Inc. has shops in the shopping malls of a major metropolitan area. The business completed the following transactions: (20 marks) June 2 7 10 15 15 16 17 Received cash of $25,000, and issued common shares to a shareholder. Paid $10,000 cash, and signed a $30,000 note payable to purchase land for a new glassworks site Received $20,000 cash from sales, and deposited that amount in the bank. Purchased supplies on account, $1,000 Paid employees' salaries, $2,800, and rent on a shop, $1,800. Paid advertising expense, $1,100. Paid $1,000 on account Declared and paid a cash dividend of $2,000. Kim, Inc. uses the following accounts: Cash, Supplies, Land, Accounts Payable, Note Payable, Share Capital, Dividends, Sales Revenue, Salary Expense, Rent Expense, and Advertising Expense. Requirement: Journalize each transaction