Milano San Remo (MSR) had the following transactions for the 2023 year: 1. Paid sales tax payable from the prior year. 2. Issued 5,000 additional shares of its $5 par value common stock for $8 per share, and also issued 1,000 shares of $50 par value, 5% cumulative preferred stock for $52 per share. 3. Purchased $500 of supplies on account. 4. Purchased merchandise on account: 700 units at a cost of $300 each. 5. Wrote off $3,670 of uncollectible accounts receivable. 6. Sold 720 items of merchandise for $600 each plus sales tax of 5%. The sales were on account. Cost of goods sold was $300 for each item. 7. Paid the sales tax collected on $100,000 of merchandise sales. 8. Collected $198,000 of accounts receivable during the year. 9. Paid employee salaries of $96,000 for the year. Social Security rate is 6% and Medicare rate is 1.5%; total federal income tax withheld was $10,600. Net salaries were paid in cash. 10. Declared a dividend on the preferred stock and also a $1 per share dividend on the common stock. 11. Paid $850 in warranty repairs during the year. 12. Paid the dividends that had been previously declared. 13. Paid $18,500 in advertising expenses during the year. 14. Paid $6,100 in utilities expense during the year. 15. Paid $150,000 on accounts payable. 16. Paid bond interest and amortized the discount. Discount amortization is $200 a year and the interest rate is 6%. 17. Paid on the notes payable it is an installment note with an annual payment of $14,238. Interest rate is 7% on the note. Adjustments: 18. There was a total of $190 in supplies on hand at the end of the year. 19. Uncollectible accounts expense is recorded using the allowance method and estimating 1% of sales on account to be uncollectible. 20. Warranty expense is estimated to be 2% of sales. Place the transactions in a general journal below: No. Account Title Debit Credit