Prepare general journal entries to record the transactions described below. 1 Received an investment of exist28,000 cash and office equipment having a a exist7,000 value from Leonard Matson in exchange for common stock issued to Matson. 2 Purchased exist2, 700 of office equipment on credit. 3 Purchased exist8, 500 in merchandise to be placed in inventory. The purchase was on credit with terms of 1/15, n/60, FOB Destination. 4 Sold merchandise to a customer on credit. The sales price of the merchandise was exist9, 600 and its cost was exist6, 900. Terms of the sale were 2/10, n/30 and FOB Destination. 8 Sold merchandise to a customer for exist2, 500 cash. The cost of the merchandise was exist1, 400 9 Paid exist100 in cash for freight charges for the sale of December 4. 10 Paid for the office equipment purchased on December 2. 13 Paid for the merchandise purchased on December 3. 14 Received payment in full for the sale of December 4. 17 Paid for the annual exist1, 300 premium on an insurance policy. 27 Paid a exist1,000 cash dividend to Leonard Matson, the sole stockholder. 30 Paid exist275 cash for the December utility bills. 30 Received a exist3, 500 deposit from a customer for merchandise that will be in January of next year