List of Transactions TXN # MerchCorp Received interest of $200 cash from bonds held as an investment 1 2 Paid insurance premium for the next 12 months $400 cash 3 Sold 8 units on account to Lennon for $37.50 per unit. The cost of goods sold is $20 per unit 4 Sold 8 units on account to Harrison for $40 per unit. The cost of goods sold is $20 per unit. 5 Purchased equipment with a note payable $800 6 Purchased supplies for cash $100 7 Declared and paid cash dividends of $400 out of Retained Earnings 8 Received $150 cash from Harrison on account 9 Paid rent for the month $500 cash 10 Paid Office Max $125 on account 11 Sold equipment for cash $300. The book value of the equipment was $200 12 Paid utilities expense $225 cash