Critical Thinking Assignment #1 Cody Mountain Sports (CMS) is an outdoor sporting goods guiding service located in northern Wyoming. CMS primarily provides guiding for common outdoor activities such as rock climbing, hiking, and skiing. CMS completed the following transactions during March of 2021: Mar. 1 CMS Began operations by receiving $120,000 in cash. Mar. 1 Mar. 4 Mar. 15 Mar. 18 Mar. 19 Mar. 22 Mar. 24 Mar. 27 Mar. 31 The business issued shares of common stock in exchange for this contribution. CMS paid $1,400 cash for a 12 month insurance policy. The policy begins Mar. 1. CMS guided a small rock climbing trip, receiving $22,000 payment in cash. CMS guided a hiking adventure, billing the customer $3,500 and received a promise of payment within one week. Accrued employee salaries of $15,000 Purchased fuel for vehicles on account for $900. Collected $3,500 from customer on account. Paid rent on their building, $4,000 cash. Paid $900 cash on account. Cash dividends of $2,600 were paid to stockholders. Requirements: 2. Record each transaction in the journal. Explanations are not required. Debit Account Credit Account Debit Amount Credit Amount Mar. 1 Mar. 1 Mar. 4 Mar. 15 Mar. 18 Mar. 19 Mar. 22 Mar. 24 Mar. 27 Mar. 31