4. Issued 250 shares of common stock for $54 per share. 5. Wrote off $10,500 of uncollectible accounts using the allowance for bad debts. 6. Declared and paid a cash dividend, $30,000. 7. Sold marketable securities costing $39,000 for $46,500 in cash. 8. Recorded insurance expense for the year, $18,000. The premium for the policy was paid in June 2019. 9. Borrowed cash on a short-term bank loan, $15,000. 10. Repaid principal of $60,000 and interest of $4,500 on a long-term bank loan. No 1 Transaction 1(a) General Journal Accounts receivable Sales 2 1(b) Cost of goods sold 3 02 Merchandise inventory Cash Accounts receivable 3. Merchandise inventory Accounts payable Show less A Debit Credit 360,000 360,000 234.000 S 234,000 378,000 378 000 S 252,000 252,000 5 04 Cash 13,500 Common stock/Additional paid-in capital 13.500 6 05 Allowance for bad debts Accounts receivable 7 06 Dividends payable Cash 8 07 Cash Marketable securities 9 08 Insurance expense Prepaid expenses 30 >> 10,500 S 30,000 6 46,500 S 18,000 S 10.500 30,000 46,500 X