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 70,000 shares of common stock in exchange for $350,000 cash. 2. Purchased office equipment at a cost of $65,000. Cash of $26,000 was paid and a note payable was signed for the balance owed. 3. Purchased inventory on account at a cost of $140,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $238,000. The cost of the goods sold was $119,000. 5. Paid $3,000 in rent on the store building for the month of June. 6. Paid $1,680 to an insurance company for fire and liability insurance for a one-year period beginning June 1,2024 . 7. Paid $101,150 on account for the inventory purchased in transaction 3. 8. Collected $47,600 from customers on account. 9. Paid shareholders a cash dividend of $3,500. 0 . Received cash of $1,300 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