The company issued common stock for $81,700, purchased equipment for $13,200 cash, made cash sales of $20,800, and paid a $6,800 dividend to stockholders in June.

1. Journalize Transactions Four transactions that occurred during June are listed below. a. June 1:
Issued common stock to several investors for $81 , 700 . b. June 8: Purchased equipment for $13
, 200 cash. c. June 15: Made cash sales of $20 , 800 to customers. d. June 29: Paid a $6 , 800
dividend to stockholders. Required: Prepare journal entries for the transactions. June 1 (Record
issuance of common stock) 8 (Record purchase of equipment) 15 (Record cash sale) 29
(Declared and paid cash dividends)