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 75,000 shares of common stock in exchange for $375,000 cash. 2. Purchased office equipment at a cost of $68,750. $27,500 was paid in cash and a note payable was signed for the balance owed. 3. Purchased inventory on account at a cost of $150,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $255,000. The cost of the goods sold was $127.500. 5. Paid $3,250 in rent on the store building for the month of June. 6. Paid $1,800 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2021 7. Paid $108,375 on account for the merchandise purchased in 3. 8. Collected $51,000 from customers on account 9. Paid shareholders a cash dividend of $3,750. 10. Recorded depreciation expense of $1,375 for the month on the office equipment 11. Recorded the amount of prepaid insurance that expired for the month Journal entry worksheet 3 4 5 6 7 8 12 Purchased office equipment at a cost of $68,750. $27,500 was paid in cash and a note payable was signed for the balance owed. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet