Instructions: prepare any necessary journal entries for the above business activities.

The following information pertains to the business activities of the Hartman Company for the year ended on 12/31/2019

1. Stockholders invested $140,000 cash in the company on 1/1/2019

2. Purchased equipment costing $35,000 for $15,000 in cash and the remainder on credit on 1/15/2019.

3. Purchased supplies for $1,800 on 1/17/2019.

4. Paid $3,600 for a one-year insurance policy on 4/1/2019.

5. Singed a lease contract for the office building and paid $4,000 as a security deposit on 5/1/2019.

6. Hired an administrative assistant at an annual salary of $48,000 on 6/1/2019.

7. Purchased inventory costing $260,000 for $100,000 in cash and the remainder on credit on 6/2/2019

8. Paid off what Hartman owes for the purchase of inventory in transaction "7" on 6/12/2019.

9. Sold inventory costing $180,000 for $350,000 in 2019.

10. Total wage of $70,000 were paid in 2019.

11. Dividends of $4,000 were paid for 2019.