The following transactions occurred during the month of June 2024 for the Stridewell Corporation. The company owns and operates a retail shoe store. Issued 110,000 shares of common stock in exchange for $550,000 cash. 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. Purchased inventory on account at a cost of $220,000. The company uses the perpetual inventory system. Credit sales for the month totaled. Prepare journal entries to record each of the transactions and events listed above.