1. Given these numbers, create journal entries for each transaction, Showing the final credit debit balance.

2. Create a T account for cash showing the final balance.

Ultimate Frisbee, Inc. Post Closing Trial Balance 12/31/2020 Cash Accounts Receivable Inventory Prepaid Insurance Supplies Building \begin{tabular}{|r|} \hline Debit \\ \hline 56,000 \\ 1,900 \\ 3,100 \\ 12,000 \\ 2,600 \\ \hline 180,000 \\ \hline \end{tabular} Accumulated Deprec - Bldg Office Equipment 10,000 Accumulated Deprec - Office Equip Accounts Payable LT Note Payable - Bank Common Stock Retained Earnings \begin{tabular}{r|r|} & 50,000 \\ \hline 265,600 & 96,300 \\ \hline \end{tabular} Feb 10 Purchased supplies on account for $3,750 Feb 25 Paid the invoice for Supplies that were purchased on Feb 10th Apr 5 Purchased merchandise (Inventory) of 15,000 Frisbees at $1.05 per Frisbee on account Apr 10 Paid a Design Company cash to screen print your own logo and design on the frisbees for .15 per Frisbee (This is added to Inventory) May 5 Paid the invoice of April 5 May 10 Sold 3,000 of the Frisbees on account to Sports Fanatics, Inc., for $3.20 per Frisbee. May 19 Received cash from the sale on May 10. Jun 1 Issued a 6-month, 6\% note (receivable) for $10,000 to Phil Dumphy, one of your managers, who stumbled upon some legal trouble. Jun 15 Sold 5,000 Frisbees on account to Win or Go Home, Inc., for $3.40 per Frisbee. Jun 30 Paid sales salaries of $2,700 and office salaries of $2,900, utilities of $300, insurance expense of $800 and travel expenses of $250 July 5 Purchased a Screen-Printing Machine by paying $3,000 in cash and signing a 3Month, 6% note for $9,000. July 24 Received payment from Win or Go Home, Inc Sept 1 Sold 5,000 Frisbees to Players R Us, Inc, for $3.85 per Frisbee on Account. Sep 5 Purchased land by issuing a $20,000,4% 3-Month note to Ace Development Co. Oct 1 Received payment in full from Players R Us, Inc. Oct 15 Paid off the Note for Machine. Nov 30 Paid sales salaries of $2,200 and office salaries of $1,100, utilities of $500, insurance expense of $300 and travel expenses of $150 Dec 1 Received amount owed on June 1 note, plus interest at the maturity date. Dec 5 Paid in full the September 5 note at maturity