Record each of the following transactions in Chico’s General Journal. (Omit explanations.) 1. Issued capital stock for $50,000 cash. 2. Borrowed $10,000 from a bank. Signed a note to secure the debt. 3. Purchased inventory from a supplier on credit for $8,000. Paid the supplier for the inventory purchased in (3) above. Sold inventory that cost $1,200 for $1,500 on credit. Collected $1,500 from customers on transaction (5) above. eS SO Paid salaries and rent of $25,000 and $1,200, respectively.