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The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates a retail shoe store. . Issued
The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates a retail shoe store. . Issued 115.000 shares of common stock in exchange for $5?5.000 cash. 1 2. Purchased ofce equipment at a cost of $95.000. $33,000 was paid in cash and a note payable was signed for the balance owed. 3. Purchased inventory on account at a cost of$230.000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $391.000. The cost ofthe goods sold was $195.500. 5. Paid $5000 in rent on the store building forthe month of June. 5. Paid $2.540 to an insurance company for re and liability insurance for a oneyear period beginning June 1. 2021. 1 Paid $155.1?5 on account for the merchandise purchased in 3. 8. Collected $35200 'om customers on account. 9. Paid shareholders a cash dividend of $5350. 10. Recorded depreciation expense of$1.900 for the month on the ofce equipment. 11. Recorded the amount of prepaid insurance that expired for the month. Pequlred: Preparejoumal entries to record each of the transactions and events listed above. [If no entryI I: requlred for e treneeetlenfeverrt, select \"Nejeurnel entry required" In the first aeeeunt eld.)
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