A new company was organized to sell shirts. You have been hired to record the transactions occurring in the first month of operations. a. Issued 2.100 shares of $0.01 par value common stock to investors for cash at $21 per share. b. Borrowed $60,000 from the bank to begin operations, the note is due in two years. c. Paid $2.800 cash for rent of a warehouse: $1,400 for the current month's rent and another $1.400 for next month's rent. d. Paid $2.280 for a one-year fire insurance policy on the warehouse e. Purchased furniture and fictures for the warehouse for $19.000, paying $2,800 cash and the rest on account. The amount is due within 30 days Purchased for $3.800 cash shirts to sell g. Placed advertisements on Google for a total of $340 cash the ads were run immediately n. Sold shirts totaling $1,900, hall of which was charged on account. The cost of the shirts sold was $1,100. (Hint: Make two entries.) . Made full payment for the furniture and futures purchased on account incl. Received $210 from a customer on account Required: Prepare journal entries for each transaction. Note that transaction ( will require two entries. (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet 11 > Issued 2,100 shares of $0.01 par value common stock to investors for cash at $21 per share mere before Transaction General Journal Debi Credit