The following transactions occurred at the Daisy King Ice Cream Company. 1. Started business by issuing 10,000 shares of common stock for $40,000. 2. Leased a building for three years at $700 per month and paid six months' rent in advance. 3. Purchased equipment for $7,400, signing a two-year, 10% note. 4. Purchased $3,800 of supplies on account. 5. Recorded cash sales of $2,800 for the first week. 6. Paid weekly salaries, $1,320. 7. Paid for supplies purchased in item (4). 8. Recorded depreciation on equipment, $120. Required: Prepare journal entries to record each of the transactions listed above. (If no entry is required for a tran: journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Started business by issuing 10,000 shares of common stock for $40,000. Note: Enter debits before credits. Event 1 Cash General Journal Debit Credit > Required: Prepare journal entries to record each of the transactions listed above. (If no entry is required for journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 Started business by issuing 10,000 shares of common stock for $40,000. Note: Enter debits before credits. Event 1 Cash General Journal Debit Credit Record entry Clear entry View general Journal > Required: Prepare journal entries to record each of the transactions listed above. (If no journal entry required" in the first account field.) View transaction list 1 Started business by issuing 10,000 shares of common stock for $40,000. 2 Leased a building for three years at $700 per month and paid six months' rent in advance. 3 Purchased equipment for $7,400, signing a two-year, 10% note. 4 Purchased $3,800 of supplies on account. 5 Recorded cash sales of $2,800 for the first week. 6 Paid weekly salaries, $1,320. Note: == journal entry has been entered Record entry EX EX: 00. Credi View gene Clear entry Required: Prepare journal entries to record each of the transactions listed above. (If no en journal entry required" in the first account field.) View transaction list 2 Leased a building for three years at $700 per month and paid six months' rent in advance. 3 Purchased equipment for $7,400, signing a two-year, 10% note. 4 Purchased $3,800 of supplies on account. EX 00. 5 Recorded cash sales of $2,800 for the first week. Credit 6 Paid weekly salaries, $1,320. 7 Paid for supplies purchased in item (4). 8 Recorded depreciation on equipment, $120. Note: journal entry has been entered Record entry Clear entry i View general jo