Based on your help and advice, Nick Smiley decided to start his business as a Private Corporation called Perfect Smiles. On January 1, 2018 "Perfect Smiles" was incorporated! As part of the articles of incorporation, Perfect Smiles is authorized to issue an unlimited number of common shares and 50,000 preferred shares. Perfect Smiles began operations in January 2018 and had the following transactions during the month Required: Record the joumal entries for the month. ONLY RECORD ITEMS IN BLUE BOXES January Description Amount Account Titles Debit Credit 472.000 1-Jan Common Shares Issued 100,000 common shares for cash Date 1 Cash 20.000 2-Jan 2 Received a deposit from a dentist for dental equipment repairs for January to December 14,000 2-Jan 2 Prepaid cash for a rental facility for January to December 429.695 3-Jan Purchased of inventory on account. 18,000 9-Jan 9 Provided repair services for dental equipment and invoiced the dentist. 343,756 12-Jan 12 Mude a partial payment to suppliers for the inventory previously purchased on account 63.000 13-Jan 13 Bought a delivery track for cash 24.000 21-Jan 21 Incurred wages expenses, of which $18,000 was paid the remainder will be paid in February 358,079 31 Jan The months sammary of inventory sold to customers on account 31 179.222 The original cost of the invettory that was sold. 179,040 31-Jan 31 Collected a partial payment from customers who had previously purchased on account 31-Jan 31 Declared and paid dividende 7,000