eview of Accounting Process Saved Help Save & Ex Che The following transactions occurred during the month of June 2018 for the Stridewell Corporation. The company owns and operates a retail shoe store. 1 Issued 115,000 shares of common stock in exchange for $575,000 cash. 2 Purchased furniture and fixtures at a cost of $95,000, $38,000 was paid in cash and a note payable was signed for the balance owed 3 Purchased inventory on account at a cost of $230,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $391,000. The cost of the goods sold was $195,500 5. Paid $5,000 in rent on the store building for the month of June. 6 Paid $2.640 to an insurance company for fire and liability insurance for a one-year period beginning June 1,2018. 7. Paid $166175 on account for the merchandise purchased in 3 8. Collected $78,200 from customers on account 9. Paid shareholders a cash dividend of $5.750 10. Recorded depreciation expense of $1.900 for the month on the furniture and fixtures 11. Recorded the amount of prepaid insurance that expired for the month. Required: Prepare journal entries to record each of the transactions and events listed above. (If no entry is required for a transoction/event select "No journal entry required" in the first account field.) View transaction list