Cinderella Dress Manufacturing Limited owns a clothing store in a major metropolitan area near a theme park. The business completed the following transactions in January 2020:

January 1^st Received cash of $50,000 and issued 50,000 common shares to the Cinderella.

January 2^nd Purchase a delivery truck, paid $30,000 cash, and signed a $40,000 note payable.

January 7^th Paid employee salaries, $5,800, gas and maintenance on the truck, $1,800 and insurance expense, $1,200 for the month.

January 7^th Received $25,000 cash from one weeks sales and deposited that amount in the bank.

January 30^th Declared and paid a cash dividend of $8,000.

Required:

Complete the journal entries for the information noted above. Explanations are not required.