if you could please provide how you came to the solution that would be great, thanks!

onment 2 Chad Polovick organized a new company, CapUniverse Inc. The company operates a small store in an area mall and specializes in baseball-type caps with logos printed on them. Chad, who is never without a cap, believes that his target market is college students. You have been hired to record the transactions occurring in the first two weeks of operations: May Issued 1,050 shares for $35 per share. way i Borrowed 540,500 from the bank to provide additional funding to begin operations. The note is due in two years with interest at 10 percent annually. May 1 raid $1,250 for the current month's rent and another $1,250 for next month's rent. May paid $1.60 for one-year fire Insurance polley (recorded as prepaid expense). way Purchased furniture and fixtures for the store for $10,100 on account. The amount is due within 30 days. may Purchased for $2,200 cash a supply of University of Waterloo, York University, and Saint Mary's University baseball cape to be sold online May 5 placed advertisements on Google for a total of 5370 cash May Sold cape for total of $536, all of which was charged on account. The cost of the cape told was $255. May 10 Made full payment for the furniture and fixtures purchased on account on May 3. May 14 Received $110 from a customer on account. Required: Prepare a journal entry to record each of the transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction lit Journal entry worksheet 1 7 a 9 10 11 Record amount received from customer on account. Note: Enter debit before credits. Date General Journal Debit Credit May 14 Record entry View general Journal