Record the following entries in general journal form for December 2021:

December 1: Purchased Equipment for $200,000, paid $100,000 down, and signed a 4%, 90-day note for the balance. This equipment will be depreciated using the double-declining method over 9 years, and no salvage value.

December 2: Recorded sales on account of $600,000, 2/15, net 30. The cost of inventory was $376,000. Caledonia Construction Company uses the net method for accounting for sales.

December 3: Collected $610,000 on accounts.

December 4: Bought back 4,000 shares of stock for $16 per share.

December 5: Issued 5000 shares of restricted stock to its CFO. The stock has a fair value of $95,000. The service period related to this restricted stock is 4 years. Vesting occurs if the CFO stays with the company for 4 years. The par value of the stock is $1.

December 6: Paid invoice of $687,000 to supplier. The invoice related to inventory purchase that had been previously recorded.

December 7: Purchased inventory of $589,000 on account with terms 3/10 net 60. Caledonia Construction uses the net method for its purchases.

December 8: Received payment related to sale on December 2.

December 9: Purchased equity securities, without the intention to sell in the near term, for $310,000, plus commissions of $3,200.

December 10: Paid off short-term note from 12/1 trial balance plus interest of $600.

December 11: Paid invoices of $711,000 to suppliers.

December 12: Issued 20,000 shares of common stock at $22.50 per share

December 14: Collected $750,000 on Account.

December 16: Paid invoice from 12/7.

December 17: Purchased $50,045 inventory on account with terms 2/15, net 30. Caledonia Construction uses the net method for its purchases.

December 19: Recorded cash sales of $350,000, cost of inventory was $185,000.

December 20: Recorded sales on account of $635,000, terms 2/10, net 30, cost of merchandise inventory was $325,000.

December 23: Sold 2,500 shares of Treasury Stock for $23 per share.

December 24: Made payment of $32,000 towards long-term note payable of $500,000, which includes interest of $3,500.

December 26: Wrote off $12,800 in bad debt.

December 31: Signed a 7-year lease for equipment, fair value of $300,000. Equipment transfers to Caledonia Construction at end of lease. Lease payments of 62,500 commence with signing of lease.