The following transactions occurred during the month of June 2013 for the Stridewell Corporation. The company owns and operates a retail shoe store.

a.	Issued 100,000 shares of common stock in exchange for $500,000 cash.
b.	Purchased furniture and fixtures at a cost of $100,000. $40,000 was paid in cash and a note payable was signed for the balance owed.
c.	Purchased inventory on account at a cost of $200,000. The company uses the perpetual inventory system.
d.	Credit sales for the month totaled $280,000. The cost of the goods sold was $140,000.
e.	Paid $6,000 in rent on the store building for the month of June.
f.	Paid $3,000 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2013.
g.	Paid $120,000 on account for the merchandise purchased in transaction c.
h.	Collected $55,000 from customers on account.
i.	Paid shareholders a cash dividend of $5,000.
j.	Recorded depreciation expense of $2,000 for the month on the furniture and fixtures.
k.	Recorded the amount of prepaid insurance that expired for the month.

Required:

Prepare journal entries to record each of the transactions and events listed above. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)