Tandem Elements commenced business activities on December $1,2023.$ The firm engaged in the following transactions during its first month of

operations.

a$)$ Issued zero par value capital stock for cash, $$2,500,000.$

b$)$ Purchased a factory for cash of $$400,000.$ The factory is estimated to have a useful life of $14$ years and a final salvage value of $$50,000.$

c$)$ Purchased basic office supplies on account for $$1,750.$

d$)$ Billed clients $$300,000$ on account for work performed during December $2023.$

e$)$ Paid cash salaries of $$125,000.$

f$)$ Received cash of $$87,000$ from clients previously billed.

Prepare journal entries for these transactions. Include the account name and amount for each debt and credit.