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 Balance Sheet Assets Cash Marketable Sec A/R ADA + Inventory Equipment LT Notes Receivable Accum Depreciation - + Land Office Supplies Office Furniture Accum Depreciation + WHITE Prepaid Rent Patent Prepaid Insurance Prepaid Advertising Interest Receivable Liabilities A/P Wages Payable Dividends Payable LT Notes Payable Deferred Revenue ST Note Payable Interest Payable Bonds Payable Disc. on Bonds Pay. Prem. on Bonds Pay. + Bond Int. Payable + Stockholders Equity Contributed Cap Retained Earnings Common Stock APIC Treasury Stock Income Statement Revenue COGS Wage Expense + - Utility Expense Insurance Expense Rent Expense + Fuel Expense Office Supplies Exp Advertising Expense + L - 0 0 Bad Debt Expense Depreciation Expense Amortization Expense + ol Bond Int. Expense Interest Expense Interest Income Gain on Sale Loss on Sale Unrealized Gain Unealized Loss