The transactions relating to the formation of Blue Co. Stores Inc., and its first month of operations follow. a. The firm was organized and the stockholders invested cash of $7,800. b. The firm borrowed $5,500 from the bank; a short-term note was signed. c. Display cases and other store equipment costing $1,700 were purchased for cash. The original list price of the equipment was $1,920, but a discount was received because the seller was having a sale. d. A store location was rented, and $1,600 was paid for the first month's rent. e. Inventory of $15,800 was purchased; $8,100 cash was paid to the suppliers, and the balance will be paid within 60 days. f. During the first week of operations, merchandise that had cost $3,500 was sold for $5,800 cash. g. A newspaper ad costing $110 was arranged for; it ran during the second week of the store's operations. The ad will be paid for in the next month. h. Additional inventory costing $4,400 was purchased; cash of $1,250 was paid, and the balance is due in 30 days. i. In the last three weeks of the first month, sales totaled $14,500, of which $9,800 was sold on account. The cost of the goods sold totaled $8,000. J. Employee wages for the month totaled $1,800; these will be paid during the first week of the next month. k. The firm collected a total of $3,500 from the sales on account recorded in transaction i 1. The firm paid a total of $4,650 of the amount owed to suppliers from transaction e. Required: Prepare the journal entries for each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet The firm was organized and the stockholders invested cash of $7,800. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Display cases and other store equipment costing $1,700 were purchased for cash. The original list price of the equipment was $1,920, but a discount was received because the seller was having a sale. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet Record the sale of $5,800 merchandise for cash. Note: Enter debits before credits. Transaction f(1). General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet