The following transactions occurred during the month of June 2021 for the Sindeweil Corporation. The company owns and operates o retall shoe store 1 issued 120,000 shares of common s10ck in exchange for $600,000 cash. 2. Purchased omce equpment at a cost of $98,750,$39,500 was paid in cash and a note poyable was signed for the balance owed 3. Purchased inventory on account at a cost of $240,000. The company uses the perpetual inventory system 4 . Credit sales for the month totaled $408,000. The cost of the goods sold was $204,000 5 . Pold $5,250 in rent on the store bullding for the month of June. 6 Paid $2.760 to an insurance company for fire and liability insurance for a one year penod beginning June 1,2021 7 Paid $173.400 on occount for the meichandise purchased in 3 8. Coliected $81,600 from customers on account. 9 Paid shareholders a casn dividend of 56,000 10. Recorded depreciation expense of $1,975 for the momth on the office equipment. 11 Recorded the omount of prepald insurance that expired for the momth Required: Prepare journal entries to record each of the transactions and events nsted above, if no entry is required for a transoction/event. select "No journel entry required" in the first sccount field.)