The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates a retail shoe store. 1. Issued 125,000 shares of common stock in exchange for $625,000 cash. 2. Purchased office equipment at a cost of $102,500. $41,000 was paid in cash and a note payable was signed for the balance owed. 3. Purchased inventory on account at a cost of $250,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $425,000. The cost of the goods sold was $212,500. 5. Paid $5,500 in rent on the store building for the month of June. 6. Paid $2,880 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2021. 7. Paid $180,625 on account for the merchandise purchased in 3. 8. Collected $85,000 from customers on account. 9. Paid shareholders a cash dividend of $6,250. 10. Recorded depreciation expense of $2,050 for the month on the office equipment. 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.) Journal entry worksheet Credit sales for the month totaled $425,000. Note: Enter debits before credits. Transaction General Journal Debit Credit 4a Record entry Clear entry View general journal Journal entry worksheet The cost of the goods was $212,500. Note: Enter debits before credits. Transaction General Journal Debit Credit 4b Record entry Clear entry View general journal Journal entry worksheet Paid $5,500 in rent on the store building for the month of June. Note: Enter debits before credits. Transaction General Journal Debit Credit 05 Record entry Clear entry View general journal Journal entry worksheet Paid $180,625 on account for the merchandise purchased in 3. Note: Enter debits before credits. Transaction General Journal Debit Credit 07 Record entry Clear entry View general journal Journal entry worksheet Collected $85,000 from customers on account. Note: Enter debits before credits. Transaction General Journal Debit Credit 08 Record entry Clear entry View general journal Journal entry worksheet 1 5 6 7 8 9 10 .... 12 Paid shareholders a cash dividend of $6,250. Note: Enter debits before credits. Transaction General Journal Debit Credit 09 Record entry Clear entry View general journal Journal entry worksheet Recorded depreciation expense of $2,050 for the month on the office equipment. Note: Enter debits before credits. Transaction General Journal Debit Credit 10 Record entry Clear entry View general journal Journal entry worksheet