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The following transactions occurred at the Daisy King Ice Cream Company. 1. Started business by...

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Accounting

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The following transactions occurred at the Daisy King Ice Cream Company. 1. Started business by issuing 10,000 shares of common stock for $28,000. 2. Leased a building for three years at $580 per month and paid six months' rent in advance. 3. Purchased equipment for $6,200, signing a two-year, 12% note. 4. Purchased $2,600 of supplies on account 5. Recorded cash sales of $1,600 for the first week. 6. Paid weekly salaries, $720. 7. Paid for supplies purchased in item (4). 8. Recorded depreciation on equipment, $100. Required: Prepare journal entries to record each of the transactions listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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