[The following information apples to the questions displayed below Use the horizontal model, or write the Journal entry. for each of the following transactions and adjustments that occurred during the first year of operatlons at Kisslck Co. a. Issued 260,000 shares of $6-par-value common stock for $1,560,000 In cash. b. Borrowed $560,000 from Oglesby National Bank and signed a 10% note due In two years. c. Incurred and pald $440,000 In salaries for the year. d. Purchased $680,000 of merchandise Inventory on account during the year. e. Sold Inventory costlng $630,000 for a total of $920,000, all on credit. f Pald rent of $110,000 on the sales faclltes during the first 11 months of the year. the difference within g. Purchased $130.000 of store equipment. paying $52.000 in cash and agreeing to pay 90 days. h, Pard the entlre $78.000 owed for store equipment, and $630,000 of the amount due to supplers for credit purchases previously recorded. the year incurred and pald utilities expense of $45.000 during Collected $855,000 In cash from customers during the year for credit sales previously recorded. k. At year-end, accrued $56,000 of Interest on the note due to oglesby National Bank. l. At year-end, accrued $10,000 of past due December rent on the sales facilities