The following transactions occurred at ABC Company 1. Started business by issuing 1000 shares of common stock in exchange for $5000 cash. The par value of the common stock was $1 per share. 2. Pald 3 months' rent in advance. Rent was $800 per month and ABC records prepaid rent in nominal 3. Purchased equipment worth $10,000, by giving a $1000 deposit and two-year 1026 note 4. Purchased $3,800 of supplies on account. ABC records purchases of supplies in permanent accounts 5. Recorded cash sales of for the first week of $1.500 6. Paid weekly salaries of $3,500. 7. Paid for supplies purchased in item (AL 8. Recorded depreciation on equipment of $480 Required: Prepare journal entries to record each of the transactions listed above. If no entry is required for a transaction/event, select "No journal entry required in the first account field.) (1/4 point each correct entry) Edit View Insert Format Tools Table - S 2 TA doua 12pt Paragraph words