For each of the following transactions, prepare journal 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.)

a. The company issued common shares for $144,000.

b. The company borrowed $81,000 from a bank. (Use Bank Loan Payable)

c. Inventory costing $45,900 was purchased on account. d. Rented a retail space and paid a damage deposit of $11,000.

e. Received a bill for advertising costs of $4,100 related to the grand opening.

f. Paid employees wages of $17,500. g. Inventory costing $39,800 was sold for $70,000, half for cash and half on account. (Hint: Two journal entries are required.)

h. A payment of $41,000 was made on accounts payable. i. Accounts receivable totalling $21,000 were collected.

j. New equipment costing $128,000 was purchased for cash.

k. The company paid $18,700 on its bank loan, which included $10,300 of interest.

l. The company paid $8,400 for the monthly rent on its retail location.

m. The companys board declared and paid dividends of $11,300.

n. Paid the advertising bill related to the grand opening (see transaction (e)).