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22 Question 2 of 4 View Policies Current Attempt in Progress For each of the following transactions, prepare journal entries: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) b C e B The company issued common shares for $157,000. The company borrowed $67.000 from a bank. (Use Bank Loan Payable) Inventory costing $46,400 was purchased on account. Rented a retail space and paid a damage deposit of $9,000 Received a bill for advertising costs of $3,600 related to the grand opening Paid employees wages of $15,300. Inventory costing $42.200 was sold for $70,000, half for cash and half on account. (Hint: Two journal entries are required.) A payment of 543,500 was made on accounts payable. Accounts receivable totalling $20,900 were collected. New equipment costing $108,000 was purchased for cash. The company paid $17.200 on its bank loan, which included $10,000 of interest. The company paid $8,600 for the monthly rent on its retail location. The company's board declared and paid dividends of $13,300. Paid the advertising bill related to the grand opening (see transaction (e)). h k m. n No. Account Tities and Explanation Debit Credit Question 2 of 4 -/32 9. (To record sales revenue) To record the cost) h. m