The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 28,000 shares of non-par common stock in exchange for $280,000 in cash. 2. Purchased equipment at a cost of $36,000. $9,000 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $86,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $110,000. The cost of the goods sold was $66,000. 5. Paid $4,000 in rent on the warehouse building for the month of March. 6. Paid $5,800 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. 7. Paid $66,000 on account for the merchandise purchased in 3. 8. Collected $49,500 from customers on account. 9. Recorded depreciation expense of $900 for the month on the equipment. 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.)