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Can you guys help me and create journal entries for these transactions transactions were completed: 1. 1/1/2020 Stockholders invested $1,250,000 in cash in the business

Can you guys help me and create journal entries for these transactions

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transactions were completed: 1. 1/1/2020 Stockholders invested $1,250,000 in cash in the business in exchange for common stock. 2. 2/1/2020 Purchased Equipment for $85,000 with cash. 3. 2/1/2020 Paid $24,000 for one year office rental. 4. 3/1/2020 Paid $70,200 for advertising to be provided for the next 12 months. 5. 3/15/2020 Purchased 35,000 in Office Supplies from Jiffy Office on Account 6. 4/10/2020 Purchased additional Office Supplies from Jiffy Office on Account totaling $45,000 7. 4/30/2020 Purchased a Building for $325,000. Paid $200,00 in cash and signed a 7 year note payable for $125,000 with Chase Bank. The interest is payable annually at a rate of 4.25%. 8. 5/1/2020 Paid $43,200 for a business liability insurance policy for a 2-yearterm. 9. 5/15/2020 Paid 75% of the total amount owed to Jiffy Office. 10. 6/1/2020 Paid retainer for legal services for 12 months for $33,000 11. 9/1/2020 Received a $675,000, 10-year loan from Chase Bank with a 3.25% interest rate. Interest is payable semi-annually (2/28 and 8/31) 12. 10/1/2020 Received $320,000 in advance for services to be provided in the future. The following are full year transactions - use date of "2020" 13. Paid salaries for employees of $627,000 14. Paid Utilities of $83,750 15. Earned $2,250,000 for services provided in 2020: a $1,675,000 was received by customers in cash b. $575,000 was billed to customers 16. Received $435,000 in cash for customers from transactions already billed 17. Declared and Paid a $115,000 dividend

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