(1) Set up the Chart of Accounts and General Ledger Account Balances The normal account balances from the Adjusted Trial balance as of March 31, 2024 are listed below in Chart of Account order. These are CORRECT values, Use appropriate "classes" and 4-digit account numbers in setting up your accounts. ACCOUNT NAME Bank Account....... NORMAL BALANCE Accounts Receivable. ..$ 46,540 Class Option "Bank", Next Cha $678 Merchandise Inventory 29,380 Prepaid Expenses-ALL 42,700 Equipment - ALL. 6,300 Accum Deprec- Equipment. 76,000 Accounts Payable... 9,600 HST charged on Sales.... 17,628 HST paid on Purchases. 4,180 2,870 LT Bank Loan Payable... Capital, Your ACTUAL name... 75,000 5-year loan 77??? Capital Additional Investments. Drawings, Your ACTUAL name. 10,500 Sales 129,000 Sales Returns and Allowances ..2,580 Sales Discounts..... ... 645 Cost of Goods Sold.. 48,000 Purchase Discounts. 864 Inventory Adjustments .. 0) Utilities Expense 4,500 Supplies Expense. 990 Depreciation Expense 1,200| Interest Expense. 281