The following transactions occurred at the Daisy King Ice Cream Company 1. Started business by issuing 10,000 shares of common stock for $20,000. 2. Leased a building for three years at $500 per month and paid six months' rent in advance. 3. Purchased equipment for $5,400, signing a two-year, 10% note. 4. Purchased $1,800 of supplies on account. 5. Recorded cash sales of $800 for the first week. 6. Paid weekly salaries, $320. 7. Paid for supplies purchased in item (4). 8. Recorded depreciation on equipment, $50. 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.) View transaction list Journal entry worksheet Started business by issuing 10,000 shares of common stock for $20,000. Note: Enter debits before credits. Event General Journal Debit Credit 1 Record entry Clear entry View general journal View transaction list Journal entry worksheet 8 Leased a building for three years at $500 per month and paid six months' rent in advance. Note: Enter debits before credits Event General Journal Debit Credit 2 Record entry Clear entry View general journal Journal entry worksheet Purchased equipment for $5,400, signing a two-year, 10% note. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 5 6 7 8 Purchased $1,800 of supplies on account. Note: Enter debits before credits. Event General Journal Debit Credit 4 Record entry Clear entry View general journal Journal entry worksheet Recorded cash sales of $800 for the first week, Note: Enter debits before credits. Event General Journal Debit Credit 5 Record entry Clear entry View general journal Journal entry worksheet Paid for supplies purchased in item (4). Note: Enter debits before credits. Event General Journal Debit Credit 7 Record entry Clear entry View general journal