form including explaciations. If an entry is not required, pliase write No Eritry: a. Issied 50,000 shares of no par stoek and recehed $420,000 cash b. Extended an offer of employment to a sales manager who will begin work on January 1. c. Purchased inachinery an account for $700,000 from Phpenix Company. d. Purchased for cash a two year insurance pollicy for $5.200. This polity will become tffective on danuary 1 . e. Leased an office space and paid $72.000 in cash for one year of rent in advance. f. Purchased office furniture for $60,000 with a 20% cash down payment and a she menth note payable for the balancet. 2. Paid cash wases of $25.000 to emplovees. h. Provided services to custamers on account for $105,000. 1. Paid $300,000 to Phoenix Company on account. 1. Received payment in full for services rendered (transaction h). k. Paid an electricity bill for $430 cash. fint: Here is an example of how your journal entries should look coount Name xocx Account Naine xx ecord xyz