Balances from general ledger on January 1 2012 DEBITS Cash 14500 Shortterm Investments 9000 Accounts Receivable 17500 Inventory 22000 Land 30000 Buildings 70000 Equipment 15000 CREDITS Notes Payable 15500 Accounts Payable 19500 Salaries and Wages Payable 7500 Mortgage Payable 32500 Capital Stock 7000 shares outstanding 70000 Retained Earnings 33000 Journalize the 2012 transactions a Purchased inventory for 95000 on credit b Issued an additional 40000 of capital stock 4000 shares