The following transactions occurred during the month of June 2018 for the Stridewell Corporation. The company owns and operates a retail shoe store 1. Issued 65,000 shares of common stock in exchange for $325,000 cash. 2. Purchased furniture and fixtures at a cost of $61,250. $24,500 was paid in cash and a note payable was signed for the balance owed 3. Purchased inventory on account at a cost of $130,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $221,000. The cost of the goods sold was $110,500 5. Paid $2,750 in rent on the store building for the month of June. 6. Paid $1,560 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2018. 7. Paid $93,925 on account for the merchandise purchased in 3. 8. Collected $44,200 from customers on account 9. Paid shareholders a cash dividend of $3,250 10. Recorded depreciation expense of $1,225 for the month on the furniture and fixtures. 11. 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 transaction/event, select "No journal entry required" in the first account field.)