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 150,000 shares of common stock in exchange for $750,000cash. 2. Purchased office equipment at a cost of $121,250.$48,500 was paid in cash and a note payable was signed for the balance owed. 3. Purchased inventory on account at a cost of $300,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $510,000. The cost of the goods sold was $255,000. 5. Paid $7,000 in rent on the store bulding for the month of June. 6. Paid $3,600 to an insurance company for fire and liability insurance for a one-year period beginning June 1,2021 . 7. Paid $216,750 on account for the merchandise purchased in 3 . 8. Collected $102,000 from customers on account 9. Paid shareholders a cash dividend of $7,500. 10. Recorded depreciation expense of $2,425 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 Issued 150,000 shares of common stock in exchange for $750,000 cash. Note: Enter debitn before credits