SAS Co. is preparing financial statements for the month of January. For each of the following activities occurred in January, prepare the journal entry to record the activity in the companys accounting system if a transaction occurred, or indicate No journal entry required if a transaction did not occur. ordered and received $26,000 of inventory on account; agreeing to pay the supplier in 30 days. sold additional 90 shares with a par value $0.10 per share and a market price of $20 per share. purchased equipment of $30,000 with $8,700 cash and the rest on a note due in one year. received an customer order for $25,000 of merchandise to be delivered in February. The customer