Prepare journal entries to record the following transactions of Sport Shoes Company

1. Started business by issuing 10,000 ordinary shares for OR50,000.
2. Purchased equipment for OR 5,400, paying OR 1,000 cash and signing a note payable for the balance.
3. Purchased OR 3,800 of supplies on account.
4. Recorded credit sales of OR 8000 for the first week.
5. Paid for supplies purchased in item (3).
6. Paid an insurance company OR 4,800. For a one-year insurance policy
7. Collected OR 4,500 on account from customers .
8. paid employees OR 3,000 wages