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Please answer what they each would be for this format Issued 240,000 shores of $8 par - value common stock for $1, 920,000 in cash.

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Issued 240,000 shores of $8 par - value common stock for $1, 920,000 in cash. Borrowed $530,000 from Oglesby National Bank and signed a 11% note due in two years. Incurred and paid $380,000 in salaries for the year. Purchased $670,000 of merchandise inventory on account during the year a Sold inventory costing $590,000 for a total of $930,000. oil on credit. Paid rent of $220,000 on the sales facilities during the first 11 months of the year. Purchased $130,000 of store equipment. paying $51,000 in cash and agreeing to pay the difference within 90 days Paid the entire $79,000 owed for store equipment and $610,000 of the amount due to suppliers for a edit purchases previously recorded. Incurred and paid utilities expense of $41,000 during the year. Collected $845,000 in cash from customers during the year for credit soles previously recorded. At year - end. accrued $58, 300 of interest on the note due to Oglesby National Bank. t year - end. accrued $20,000 of past-due December rent on the soles facilities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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