The following transactions occurred during the month of june 2018 for the stridewell corporation. the company owns and operates a retail shoe store.1. issued 145,000 shares of common stock in exchange for $725,000 cash.2. purchased furniture and fixtures at a cost of $117,500. $47,000 was paid in cash and a note payable was signed for the balance owed.3. purchased inventory on account at a cost of $290,000. the company uses the perpetual inventory system.4. (a) credit sales for the month totaled $493,000. (b) the cost of the goods sold was $246,500.5. paid $6,750 in rent on the store building for the month of june.6. paid $3,480 to an insurance company for fire and liability insurance for a one-year period beginning june 1, 2018.7. paid $209,525 on account for the merchandise purchased in 3.8. collected $98,600 from customers on account.9. paid shareholders a cash dividend of $7,250.10. recorded depreciation expense of $2,350 for the month on the furniture and fixtures.11. recorded the amount of prepaid insurance that expired for the month. required: prepare journal entries to record each of the transactions and events listed above. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)