Record the following entries

January 1, 2020 - Acquired $20,000 cash from the issue of common stock.

1. January 1, 2020 - Purchased $800 of supplies on account.
2. January 1, 2020 Purchased a truck for $10,000 cash. Salvage value is $2,000. Useful life is 4 years.
3. January 15, 2020 - Paid $4,200 cash in advance for a one-year lease on office space starting February 1, 2020.
4. March 31, 2020 - Earned $28,000 of revenue on account.
5. March 31, 2020 - Incurred $12,500 of other operating expenses on account.
6. March 31, 2020 - Collected $24,000 cash from accounts receivable.
7. March 31, 2020 - Paid $9,000 cash on accounts payable.
8. April 1, 2020 borrowed $10,000 from the bank on a 6 month Note Payable with a 10% interest rate.
9. June 30, 2020 Paid a $3,000 cash dividend to the stockholders.