Prepare journal entries for the following events $($no dates required$)$:

$1.$ Purchased a company car for $$45,000.$ Paid $$15,000$ cash and issued a note payable for the remaining amount owed.

$2.$Billed clients $$150,000$ on account.

$3.$Salaries earned by employees but not yet paid amounted to $$11,200.$

$4.$ Depreciation on the company's furniture is based on an estimated life of $10$ years. The furniture had originally been purchased for $$110,000,$ straight line method is used with a residual value of $$5,000.$ Prepare the monthly adjusting journal entry for depreciation.

$5.$ Purchased $20$ Infinity laptop computers from Google to sell in our store. The laptop computers cost $$800$ each, for a total of $$16,000.$ Payment is due in $30$ days.

$6.$On May $31,$ we collected in full a $$30,000,9-$month, $10\%$ note receivable from one of our clients.$$Record the retirement of the note, including interest.

$7.$We borrowed $$120,000$ from Detroit City Bank, signing a $90-$day, $12$ percent note payable.

$8.$ The current year's cash dividend on the $8$ percent, $$100$ par value preferred stock was paid on

June $30.$ There were $50,000$ preferred shares outstanding at the time of declaration.