The following events apply to Royal Inc. for fiscal year 2018:

1. Provided services on a cash basis for $30,000.

2. Paid $18,000 for one-year rent in advance.

3. Issued additional stock, $15,000.

4. Purchased short-term investments for $1,000, which pay a fixed interest rate of 5%.

5. Purchased supplies on account for $2,000.

6. Provided services on account for 25,000.

7. Borrowed $10,000 from the bank, issuing a 1-year note at 12%.

8. Purchased equipment on account for $10,000.

9. Paid principal plus interest($1200) on the bank loan from transaction 7.

10. Paid salaries to employees, $5,000.

11. Purchased insurance, covering one year, $3,600.

12. Paid vendor for supplies purchased on account (transaction 5).

13. Paid vendor for equipment purchased on account(transaction 8).

14. Collected from customers for services provided on account(transaction 6).

15. Paid dividends to shareholders, $500.

Required: Record the preceding transactions in the General Journal