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ON 11-CHAPTERS 1 & 2 Help Save & E Submit Check my work The following transactions occurred during the month of June 2021 for the

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ON 11-CHAPTERS 1 & 2 Help Save & E Submit Check my work The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company cwns and operates a retail shoe store 1. Issued 85,000 shares of common stock in exchange for $425,000 cash 2. Purchased office equipment at a cost of $76,250 $30,500 was paid in cash and a note payable was signed for the balance owed 3. Purchased inventory on account at a cost of $170,000 The company uses the perpetual inventory system 4. Credit sales for the month totaled $289.000 The cost of the goods sold was 5144,500 5. Paid $3,750 in rent on the store building for the month of June 6. Paid $2.040 to an insurance company for fire and liability insurance for a one year period beginning June 1, 2021. 7. Paid $122825 on account for the merchandise purchased in 3. 8 Collected $57,800 from customers on account 9. Paid shareholders a cash dividend of $4,250 10. Recorded depreciation expense of $1525 for the month on the office equipment 11. Recorded the amount of prepaid insurance that expired for the month. Required: Prepare journal entries to record each of the transactions and events listed above (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet Debit No Credit General Journal Transaction an

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