Accrual Accounting which accounts are effected.

Local sells $12,000 worth of inventory for $34,000 cash.
Local sells $11,000 worth of inventory for $31,000 on account
Local incurs salary expense of $18,000
Local pays employees $13,000 for salaries already incurred.
Local incurs and pays $625 interest on the bond.
Local pays a cash dividend of $500.
Local incurs tax expense of $3,000.
Local incurs depreciation expense of $1,500 on the equipment.