ACC 201 Chapter 4 Open-Ended Assignment Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Dorinthian Company engaged in the following transactions during the month of March. A. Sold stock to its owners for $50,000 cash. B. Paid $350,000 for inventory it had previously purchased. C. Collected $240,000 of its accounts receivable. D. Purchased equipment for $44,000 cash. E. Paid $1,700 for advertising that will take place in the month of July. Required: Prepare a journal entry for each transaction. Your answers to this open-ended assignment should be placed in the space below this line.