A3 (Journal entries) For each of the following transactions, propose a journal entry, and also state how the transaction affected the fundamental accounting equation. Assume each one occurred June 1, 2015. a. The company issued stock of $2 million for cash. b. The company spent $200,000 to buy equipment c. The company bought a 12-month insurance policy for $50,000. d. The company provided services to a customer and earned $10,000. The customer paid cash. e. The company paid a previously outstanding account payable, of $4,000, using cash.