PART 1(25 POINTS) General ledger accounts of Chunde Movers, which began business on January 1, 2020 are presented below. Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Moving Fees Earned; Salaries Expense; Rent Expense; and Utilities Expense. Required: Record the following transactions in general journal format and number each entry. . Shareholders purchased $180,000 in stock. Paid rent for the month, $2,200. Purchased equipment for $60,000, giving a note payable for $60,000. Purchased supplies on account, $10,000. Billed clients for services rendered, $38,000. Paid salaries for the month, $15,600. Paid $8,000 on account for supplies purchased in transaction (4). Collected $17,400 from clients previously billed. Paid utilities for the month, $980. Paid $11,600 cash dividends