prepare journal entries for each of the following transcation

8. On August 7. Omega sells 150 transhydrogrontifiers to Grontifiers International on account for $300 each. 9. On August 8, Omega pays Psychokinetics in full. 10. On August 15, Omega pays bi-weekly payroll of $42,000 11. On August 16, Grontifiers International pays their outstanding balance in full 12. On June 30 of this year, Omega decided to sell of its unprofitable optical imaging division. The division operates out of its own manufacturing facility and management team. The cash flows for the division are easily determinable and the move clearly represents a stratetgic shift in the operations of the company 13. Note Receivable ($20,000; 10%) was issued on July 1. Principle and Interest are due June 30 next year. 14. On July 1, Omega issues 10,000 shares common stock ($1 par) at $20/share. Beginning balance was 52,000 shares. 15. On July 1, Omega borrowed $30,000 from ReallyBigBank. The terms state an interest rate of 9%, with interest due each year and principal due in two years on June 30. 16. On December 1, the Omega declares a dividend for all preferred stockholders, and for common stockholders in the amount of $0.50/share. 17. On December 1, purchased 1,000 shares of Cyclotron Inc. for $12 / share. 18. On December 1, Omega concludes the sale of its optical imaging division to Zirbit Industries for $120,000. Liabilities for the division were $20,000. The book value of the identifiable assets is $130,000 (their fair value is $140,000). As of the sale date, the Division's identifiable revenues were $70,000 and expenses were $100,000. Tax rate is 30%. 19. In a separate transaction, on December 1, Zirbit Industries contracts to rent one of the bulidings adjacent to the Optical Imaging division they just purchased. They agreed to a two-year contract for $48,000, paid in advance. 20. Insurance was paid December 1 for 1 year at a cost of $24,000. 21. On December 31, Omega repurchases 1,000 shares of its stock at $15 / share. 22. On December 31 of this year Omega purchased Equipment in exchange for a $10,000, three-year non-interest bearing note. Notes of similar risk and term yield 10%