P-1. Business activities for the Hartman Company for December 2019 are presented below. Hartman 1. Issued common stocks for $250,000 in cash. 2. Purchased land at $200,000 in cash. 3. Purchased equipment at $50,000 for which $15,000 were paid in cash and the remainder on credit. 4. Purchased supplies for $1,800 in cash. 5. Paid off what Hartman owes for the purchase of equipment in transaction 3. 6. Paid wages to employees for $2,500. 7. Hired an administrative assistant at an annual salary of $40,000. 8. Purchased inventory costing $80,000 for which $50,000 were paid in cash and the remainder on credit. There was a discount for early payment, 4/15. 9. Returned some of the inventory purchased in transaction '8' costing $5,000 and received $5,000 in-store credit. 10. Paid off what Hartman owes for the purchase of inventory in transaction '8' within the discount period. 11. Sold inventory costing $36,000 for $54,000 on credit, 4/10, n/60. 12. Received the full payment for the transaction '11' in cash before the expiration of cash discount term period. 13. Paid dividends to stockholders of $400. 14. Paid rent of $2,000 for January 2021 on 12/29/2029 15. Received a utility bill of $1,000 for December 2020. The payment due will be 1/15/2021. Instructions: prepare any necessary journal entries for each activity above and identify cach activity by number. You may omit journal explanations. For transactions 14 and 15, prepare adjusting entires as of 12/31/2019, additionally