Exercise 2-4 (Algo) Journal entries LO2-3 The following transactions occurred during the month of June 2024 for the Stridewell CorporationThe company owns and operates a retail shoe store Issued 55,000 shares of common stock in exchange for $275,000 cash 2 Purchased office equipment at a cost of $ 53,750. Cash of $21,500 was paid and a note payable was signed for the balance owed 3. Purchased inventory on account at a cost of $110,000The company uses the perpetual inventory system 4. Credit sales for the month totaled 187.000The cost of the goods sold was $ 93,500 Paid $2,250 in rent on the store building for the month of June Paid $ 1,320 to an insurance company for fire and liability