The transactions resting to the formation of Sue Co. Stores Inc., and its first month of operations follow s. The firm was organized and the stockho des invested cash of $8.600 b. The firm borrowed $4.500 from the bank a short-term note was signed c Display coses and other store equipment costing $1550 were purchased for cash. The original st price of the element was $1,990, but a discount was received because the seller was having see d. A store location was rented, and $1,450 was paid for the first month's rent. e Inventory of S14,100 was purchased: $8,400 cash we paid to the suppliers, and the balance wil be paid within 60 days During the first week of operations, merchandise that has cost $3.900 was sold for $5,300 cash. 9. A newcosper sd costing $110 was arranged for tran during the second weex of the store's operations. These wil be paid for in the next month. h. Additional Inventory casting S4200 was purchased cash of $1,200 wes oid and the balance scue in 30 days. L in the st three weeks of the first month, sales totales $13.500, of which $9,300 we zold on account. The cost of the goods sold totaled S9,300. J. Employee wages for the month tousled $1900: these will be paid during the first week of the next month k. The firm collected a total of $3,000 from the sales on account recorded in transaction i. L The firm pid a total of $4.050 of the smount owed to suppliers from transactione Required: Prepare the jours entries for each of these transactions. If no entry is required for transaction event, select "No Journal entry required in the first account field.) Answer is not complete. e No Transaction General Dabit Credit 1 3. Cash 8.600 2 b. 4300 Cash Note payable OOO 3 c. Equipment 1.650 4 G. 1,450 Ront expose Cash 5 e. 14100 Merchandise inventory Cash Accounts payable 8.400 6 111) 5300 Cach Salas nove 7 Cost of 90s sold 3.900 8 110 Advertising wense Accounts payable 9 Merchandisinventory 4200 ooooooooooooooooo OOOOOO 1.200 Accountable 10 11. Cash Accountable Sales revenue 9.300 13.500 11 121. Cost of goods sold 9.300 12 1.900 Wagnsons Waos poyable 13 k. 3.000 Cash Accounts receivable 14 1 4060 Accounts payable Cash