Create a chart of T-Accounts and post each journal entry to the appropriate accounts

# Debit 70,000 Credit 70,000 140,000 140,000 130,000 130,000 23,676 Date Accounts 01/01 Cash Common stock 2 01/01 Equipment Cash 01/01 Cash Notes payable (long-term) 01/05 Cash Interest receivable 5 01/22 Inventory Cash Accounts payable 6 01/25 Accounts payable Cash 7 01/01 Equipment (*office Equipment) Cash 02/01 Prepaid advertising 23,676 535,500 240,975 294,525 112,000 112,000 230,000 230,000 160,000 Cash 160,000 9 365,000 365,000 650,000 425,000 225,000 11 33,480 33,480 125,000 125,000 13 1,031,250 843,750 1,875,000 958,000 02/13 Cash Accounts receivable 03/01 Land Cash Notes payable (short-term) 03/19 Office supplies Expense Cash 03/20 Cash Unearned Service Revenue 04/21 cash Accounts receivable Sales revenue Cost of goods sold Inventory 04/27 Inventory Cash Accounts payable 04/29 Accounts payable Cash 05/01 Dividends Payable Cash 06/01 prepaid rent Cash 06/30 salaries and wages expense salaries and wages payable Cash 958,000 14 619,750 278,887.50 340862.5 15 550,000 550,000 16 155,000 155,000 92,000 92,000 530,000 35,000 565,000