Record the journal entries for the transactions, and ignore the adjustments data

9 Waldo Industries completed the following transactions during December 2019: Dec. 1 Waldo contributed 570,000 cash to the business in exchange for shares of common stock 1 Purchased $12.000 of equipment paying cash. 1 Paid $1.750 for a five-month Insurance policy starting on December 1 Paid $20,000 cash to purchase land to be used in operations 10 Purchased office supplies on account, 52,800 19 Borrowed 515,000 from the bank for business use. Waldo signed a note payable to the bank in the name of the corporation. The note is due in five years 22 Paid $1,300 for advertising expenses. 26 Paid $900 on account The business received a bill for utilities to be paid in January, 5280 31 Revenues earned during the month included 516,000 cash and $3.600 on account 31 Paid employees salaries 53.800 and building rent $1.200. Record as a compound entry 31 The business received $1.440 for auto screening services to be performed next month 31 Paid cash dividends of 55,500 to stockholders. 28 Adjustment data: a. Accrued Interest Expense, S75. b. Depreciation was recorded on the equipment using the straight-line method. Assume a useful life of four years and a salvage value of $2.400. c. Prepaid Insurance for the month has expired. d. Office Supplies on hand. S1.000