Set up the following in T-account form and determine the ending balances insofar as these accounts are concerned. (Not all balance sheet accounts are shown.)

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Beginning Balances Account Dr. s 900 3,000 5,700 Cr. Cash Accounts receivable Inventory Accounts payable Note payable $3,600 950 Transactions: l. Purchased inventory on account 2. Sold goods on account: sales revenues $2,350 6,350 4,150 3.400 5.350 950 Cost of goods sold 3. Paid vendors 4. Collected from customers 5. Paid off note payable