Record each of the following events, in good form, in the general journal (see below) Issued (sold) capital stock to owners, $250,000. Borrowed from the bank, $150,000. Purchase equipment for cash, $100,000. Purchased inventory on account, $200,000. Paid rent for one in advance, $24,000. Sold inventory costing $50,000 to a customer on account or $80,000. Received, but did not pay, the phone bill, $500. Paid employed for wages earned, $2, 500. Received payment from customers who previously purchased on account, $20,000. Paid dividends to owners, $5,000