Chapter 2 HomeworkChegg Study Order Contlrmas X htm pter 2 Homework Help Save&Exl Check my The following transactions occurred uring March 208 tr te winwright Corporator. The company owns med operatewhole! 1 Issued 44,000 shares of common stock in exchange for $440,000 in cash 2. Purchased equipment at a cost of $68,000. $17000 cash was paid and a note payable was signed for the belance owed 3 Purchased Inventory on account at a cost of $134,000. The company uses the perpetual inventory system 4 Credit sales for the month totaled $190,000. The cost of the goods sold was $114,000. 5. Pald $6,000 in rent on the warehouse building for the month of March. 6. Paid $6.850 to an insurance company for fire and Sability Insurance for a one-year period beginning Apri 1,2018. 8. Collected $85,500 from customers on account. Raterences9. Recorded depreclation expense of $1700 for the month on the equipment Prepare journal entries to record each of the trensactions Isted above. of no entry ls required for a transactlon/ewent Journal entry required" In the first account field.) t, select "No Journal entry worksheet 9 10 Issued 44,000 shares of common stock in exchange for 1440,000 in cash. Prev f3 Next> 0 2