Cullumber Clean Dry Cleaners Inc. began operations on January 1, 2024. In its first year, the following transactions occurred: 1. Issued common shares for $139,500 cash. 2. Purchased dry cleaning equipment for $69,750 cash. 3. Purchased cleaning supplies, on account, for $9,516. 4. Used $8,400 of the supplies in cleaning operations. 5. Collected $115,320 from customers for dry cleaning services provided. 6. Borrowed $15,000 from the bank on July 1,2024 , at an interest rate of 8% per year. (Use Bank Loan Payable) 7. Paid wages of $45,500 to employees. In addition to this, $1,000 of wages were owed to employees at the end of the year. 8. Depreciated the equipment by $2,790 for the year. 9. Paid $20,460 for utilities (telephone, electricity, and water). 10. On December 31, paid interest on the bank loan described in transaction 6. (a) Prepare journal entries to record each of the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 3. 4. 5. 6. 7. 8. 9. 10