The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates a retail shoe store.

1. Credit sales for the month totaled $391,000. The cost of the goods sold was $195,500.
2. Paid $5,000 in rent on the store building for the month of June.
3. Paid $2,640 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2021.
4. Paid $166,175 on account for the merchandise purchased in 3.
5. Collected $78,200 from customers on account.
6. Paid shareholders a cash dividend of $5,750.
7. Recorded depreciation expense of $1,900 for the month on the office equipment.
8. 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.)