A. Sold widgets on account in the amount of $220,000. The cost was 50%.

B. At January 31 employees earned $20,000 that will not be paid until the February 1 payroll

C. The Depreciation Expense needs to be recorded for the $200,000 equipment - assume a five-year life (only one-month depreciation) assume the equipment purchase in January was made at month-end - so not depreciated.

D. Record Dividends paid in the amount of $3000

E. Paid cash of $350,000 to vendor for inventory previously purchased on account.

F. Paid February rent of $5000 in January.