M2-17 Identifying Transactions and Preparing Journal Entries (LO 2-3) Sweet Shop Co. is a chain of candy stores that has been in operation for the past ten years. a. Ordered and received $12,700 worth of cotton candy machines from Candy Makers Inc., which Sweet Shop Co. will pay for in 45 days. b. Sent a check for $6,700 to Candy Makers Inc. for the cotton candy machines from (a). c. Received $1,100 from customers who bought candy on account in previous months. d. To help raise funds for store upgrades estimated to cost $31,500, Sweet Shop Co. issued 1,700 common shares for $15 each to existing stockholders. e. Sweet Shop Co. bought ice cream trucks for $74,000 total, paying $17,000 cash and signing a long-term note for $57,000. Prepare journal entries for the above transactions, which occurred at the end of the most recent year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Ordered and received $12,700 worth of cotton candy machines from Candy Makers Inc., which Sweet Shop Co. will pay for in 45 days. Record the RESAR