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 95,000 shares of common stock in exchange for $475,000 cash. 2. Purchased office equipment at a cost of $83,750. Cash of $33,500 was paid and a note payable was signed for the balance owed. 3. Purchased inventory on account at a cost of $190,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $323,000. The cost of the goods sold was $161,500. 5. Paid $4,250 in rent on the store building for the month of June. 6. Paid $2,280 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2024. 7. Paid $137,275 on account for the inventory purchased in transaction 3. 8. Collected $64,600 from customers on account. 9. Paid shareholders a cash dividend of $4,750. 10. Received cash of $1,675 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. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 > Issued 95,000 shares of common stock in exchange for $475,000 cash.