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During 2022, its first year of operations as a delivery service, Blue Spruce Corp

Accounting

During 2022, its first year of operations as a delivery service, Blue Spruce Corp. entered into the following transactions.

 

1.                     Issued shares of common stock to investors in exchange for $121,000 in cash.

2.                     Borrowed $38,000 by issuing bonds.

3.                     Purchased delivery trucks for $64,000 cash.

4.                     Received $16,000 from customers for services performed.

5.                     Purchased supplies for $3,200 on account.

6.                     Paid rent of $5,300.

7.                     Performed services on account for $11,700.

8.                     Paid salaries of $28,900.

9.                     Paid a dividend of $10,800 to shareholders.

 

Prepare the journal entries

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