Record the following selected transactions in general journal form for the Jayson Clinic. Include a brief explanation of the transaction as part of each journal entry. May 1 The clinic issued 1,000 additional shares of capital stock to Doctor Jayson at $85 per share. May 4 The clinic purchased scoping equipment. The equipment cost $70,000, of which $40,000 was paid in cash; a note payable was issued for the balance. May 12 Issued a check for $3,400 in full payment of an account payable to Leah Laboratories. May 19 Purchased office supplies on account for $540. Payment is due in full by June 10. May 25 Collected a $20,000 account receivable from the Goosinger Medical Insurance. May 31 Declared and paid a $40,000 cash dividend to stockholders.