FINANCIAL REVIEW PROBLEM 2 JOURNALIZE THE FOLLOWING TRANSACTIONS 1. Invested $200,000 into JHJ Shoe Store 2. Purchased $5,000 in supplies on account 3. Purchased 2,000 shoes at $10 each 4. Purchased 4,000 shoes at $20 each 5. Sales on account 3,000 shoes at $100 each 6. Purchased 6,000 shoes at $30 each 7. Cash sale, 3,000 pairs of shoes at $100.00 each 8. Sales in account of 3,000 shoes at $100 each 9. Paid $10,000 in dividends 10. Purchased $200,000 in equipment with a 10-year life, paying $20,000 in cash and placed the remaining balance on a note. Equipment salvage is estimated to be $20,000 11. Paid salary expense $200,000 *THE STORE UTILIZES FIFO INVENTORY METHOD* REQUIRED: 1. PREPARE INVENTORY CHART 2. PREPARE JOURNAL ENTRIES AND POST ALL ENTRIES TO