what are the normal journal entries

Part One - Trial Balance Worksheet A. Journalize and post the normal monthly transactions for December 2019 (shown below). Use the correct format andprovide a brief explanation for each entry. Remember: DR=CR, debits should be listed first. Record the journal entries on Worksheet #2 and then go to Worksheet #1 and enter them in the appropriate column(s) and calculate new totals for all accounts. (This means entering the amounts for the journal entries into Worksheet #1, columns H&I and then total all accounts to the right in columns K&L. Be sure you total each column across the bottom also. Aces, Inc. - Normal journal entries for the month of December, 2019: Dec 1 Issued 65,000 shares of common stock for $14 per share. Dec 1 Issued 65,000 shares of common stock for $14 per share. Dec 1 Paid December rent of $7,500. Dec 1 Issued $200,000 note payable at face amount with an interest rate of 10% due in 5 years. Dec 3 Purchased $350,000 of inventory terms 1/10, net 30. Dec 5 Sold land at cost for cash, $20,000 Dec 8 Sold equipment with original cost of $60,000 and accumulated depreciation of $35,000 for $18,000 cash. Dec 9 Purchased equipment for $50,000 cash. Dec 10 Sold inventory on account for $340,000 with a cost of $160,000, terms 2/15, net 30. Dec 10 Sold inventory on account for $340,000 with a cost of $160,000, terms 2/15, net 30. Dec 11 Paid for merchandise inventory that was purchased on December 3rd. Dec 15 Paid utilities, $1,700 Dec 18 Wrote off uncollectible accounts, $18,000. Dec 19 Received payment for sale on December 10th. Dec 31 Declared and paid cash dividend of $0.40 per share. Dec 31 Paid wages and salaries of $9,200