I. Recording Transactions in General Journal and posting them to the corresponding Ledger Accounts. Prepare the journal entries for the following transactions in the General Journal. (507) In December 2018, Mary Tone organized a corporation to provide package delivery services. The company, called Tone Deliveries, Inc., began operations immediately. Transactions during the one of December were as follows: Dec. 2 Dec. 4 Dec. 5 Dec. 9 Dec. 15 The corporation issued 40,000 shares of capital stock to Mary Tone in exchange for $80,000 cash. Purchased a truck for $45,000. Made a $15,000 cash down payment and issued a note payable for the remaining balance. Paid Sloan Properties $2,500 to rent office space for five months. Billed customers $11,300 for services for the first half of December. Paid $7,100 in salaries earned by employees during the first half of December Collected $3,800 of the amounts billed to customers on December 9. Received $34,400 from customers for services to be performed in the future. Recorded $7,500 in salaries earned by employees during the second half of the month, Purchased fuel for $250 which will last for several months. Dec.20 Dec.26 Dec.29 Dec.30