Barley & Hops Company was formed in 2020. During the year the company had the following events occur: 1. The company issued $100,000 in common shares for cash. The company purchased equipment for $15,000, paying $5,000 down and 2. signing a 1-year, 8% note for the balance. 3. The company hired 4 employees. 4. The company had sales of $250,000. All sales were on account. The company incurred the following expenses: rent: $2,000, salaries: $20,000, 5. advertising $2,000 and utilities $4.000. All expenses were paid in cash. Required: Prepare the journal entries to record the above transactions