Problem 2-59A (Algorithmic) Journalizing Transactions Monroe Company rents and sells electronic equipment. During September, Monroe engaged in the transactions described below. Sept. 5 Purchased a Chevrolet truck for $25,500 cash. 8 Purchased inventory for $4,100 on account. 10 11 Purchased $650 of office supplies on credit. Rented sound equipment to a traveling stage play for $12,800. The producer of the play paid for the service at the time it was provided. 12 Rented sound equipment and lights to a local student organization for a school dance for $2,900. The student organization will pay for services within 30 days. 18 Paid employee wages of $4,170 that have been earned during September. 22 23 28 Collected the receivable from the September 12 transaction. Borrowed $14,100 cash from a bank on a 3-year note payable. Issued common stock to new stockholders for $40,000. 30 Paid a $4,350 cash dividend to stockholders.