Write the journal entry and t-account for each date

July 1 Received cash of $60,000 from two investors ($30,000 each). Each investor was issued 3,000 shares of common stock. 1 Borrowed $40,000 from a local bank and signed two notes. The first note for $10,000 requires payment of principal and 10% interest in six months. The second note for $30,000 requires the payment of principal in two years. Interest at 10% is payable each year on July 1,2025 , and July 1,2026. 1 Paid $24,000 in advance for one year's rent on the store building. 1 Purchased office equipment from eTronics for $12,000 cash. 3 Purchased $60,000 of clothing inventory on account from the Birdwell Wholesale Clothing Company. 6 Purchased $2,000 of supplies for cash. 4-31 During the month, sold clothing inventory for $35,000 cash. The inventory cost $20,000. - oms 's fm- m. 9 Sold clothing inventory on account to Briarfield School for $3,500. The inventory cost $2,000. 16 Subleased a portion of the building to a jewelry store. Received $1,000 in advance for the first two months' rent beginning on July 16. 20 Paid Birdwell Wholesale Clothing $25,000 on account. 20 Paid salaries to employees for the first half of the month, $5,000. 25 Received $1,500 on account from Briarfield. 30 Paid shareholders a cash dividend of $1,000