Please answer the wrong ones

Use the horizontal model or write the journal entry, for each of the following transactions and adjustments that occurred during the first year of operations at Kissick Co. a. Issued 210,000 shares of $6.par-value common stock for $1,260,000 in cash. b. Borrowed $530,000 from Oglesby National Bank and signed a 13% note due in two years. c. Incurred and paid $440,000 in salaries for the year. d. Purchased $720,000 of merchandise inventory on account during the year. e. Sold inventory costing $670,000 for a total of $970,000, all on credit f. Paid rent of $220,000 on the sales facilities during the first 11 months of the year g. Purchased $150,000 of store equipment, paying $53,000 in cash and agreeing to pay the difference within 90 days. h. Paid the entire $97000 owed for store equipment and $620,000 of the amount due to suppliers for credit purchases previously recorded 1. Incurred and paid utilities expense of $42,000 during the year. J. Collected $855,000 in cash from customers during the year for credit sales previously recorded. k. At year-end, accrued $68,900 of interest on the note due to Oglesby National Bank. 1. At year-end, accrued $20,000 of past due December rent on the sales facilities Required: o. Record each transaction in the appropriate columns, Indicate the financial statement effect. Return to Guest Required A Record each transaction in the appropriate columns. Indicate the financial statement effect. (Enter decreases with a mission to indicate the financial statementet ASSETS LIABILITIES STOCKHOLDERS Transaction FORTY Accounts Merchandise Notes Account Cash Receivable Inventory Equipment Payable Payable slost 1.200.000 D 530.000 530 000 (440.000) d 720.000 720.000 070 000 1070,000) 300 . OO 1 150 000 1220.000) (53 000) (717.000) (42000) 555 000 97000 (717.000 1 (855.000 50.00 20.000 190.000 1.173,000 115 000 50,000 150,000 500.000 Hicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) LIABILITIES Net Income Revenue Expenses inchandise Inventory Notes Payable STOCKHOLDERS EQUITY Common Stock 1,280,000 Accounts Payable . Equipment . 530.000 (440,000) X 440,000 720 000 (6700001 720,000 300 000 $ (220 000) 970,000 070,000 220.000 150.000 97000 (717000) (42.000 42.000 68.000 (58 900) 120.000) 68.900 20 000 $ 50.000 150 DOO 508 900 20,000 120.000 1 200.000 490 900) 970.000 1.480.000