need journal entries

Chad Polovick organized a new company. CapUniverse inc. The compary operates a small store in an area mall and specializes in baseballtype 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. 1 issued 1,200 shares for 535 per share. May 1 borroved 542,000 from the bank to provide additional funding to begin operations. The note is due in two years with intirest at 10 percent annually. May 1 Paid- $1, tee for the current month's rent and another $1,400 for next month's. rent. May 1 Paid 52,040 for a one-year fire insurance policy (recorded as a prepaid expense). May. 3 Purchased furmiture and fixtures for the store for $18,400 on account. The anount 1s due within 30 days. May 4 Purchased for $2,500 cash a supply of University of Waterloo, York University, and 5 aint Mary's University baseball caps to be sold online. May 5 Placed advertisements on Google for a total of $00cash. May 9 Sold caps for a total of $540, half of which was charged on account. The cost of the caps sold was 5270. May 10 Made full payeent fer the furniture and fixtures purchased on account on May 3. May 14 Received $140 froe a customer on account. Required: Required: Prepare a joumal 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.) Journal entry worksheet