stuart corporation entered into the toliowing transactions during the year ending December 31, Year 1: 1) Performed services for $26,000 cash 2) Purchased $800 of supplies on account 3) Purchased land for $95,000 cash 4) Paid salaries expense of $16,500 5) Paid for $600 of the supplies purchased in event (2) 6) Collected $15,000 in advance for services to be provided over the next 12 months 7) Recognized $10,000 of revenue on the contract from event (6) 8) Owed \$5,500 of salaries expenses to employees for work done during December. Year 1 , that will be paid during January, Year 2. Required: Prepare the joumal entries for these transactions and adjustments using the general iournal format