The following transactions occurred during the month of June 2024 for the Stridewell Corporation. The company owns and operates a retail shoe store. 1. Issued 110,000 shares of common stock in exchange for $550,000 cash. 2. Purchased office equipment at a cost of $91,250. Cash of $36,500 was paid and a note payable was signed for the balance owed. 3. Purchased inventory on account at a cost of $220,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $374,000. The cost of the goods sold was $187,000. 5. Paid $4,750 in rent on the store building for the month of June. 6. Paid \$2,520 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2024. 7. Paid $158,950 on account for the inventory purchased in transaction 3. 8. Collected $74,800 from customers on account. 9. Paid shareholders a cash dividend of $5,500. 10. Recelved cash of $1,825 from customers in advance of services to be provided. Required: Prepare journal entries to record each of the transactions and events listed above. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required: Prepare journal entries to record each of the transactions and events listed above. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Issued 110,000 shares of common stock in exchange for $550,000 cash. Note: Enter debits before credits