Cunningham Hardware's balance sheet at September 30, 2015 is shown below. Cunningham Hardware Balance Sheet At September 30, 2015 In Dollars Assets Liabilities and Shareholders' Equity Cash $ 88,400 Accounts Payable $ 66,200 Accounts Receivable 54,500 Note Payable 10,000 Merchandise Inventory 136,300 Salaries Payable 2,500 Prepaid Insurance 300 Total Current Liabilities $ 78,700 Total Current Assets $230,009 Total Liabilities $ 78,700 Land 252,000 Common Stock 300,000 Total Nonclnrent Assets $252,000 Retained Emings 153,300 Total Shareholders\" Equity $453,300 Total Liabilities and Shareholders1 Total Assets m Equity m 1. During October, the company had several transactions. Prepare journal entries for the transactions below and post them to the t-accounts. a. Sold merchandise on account for a total selling price of $120,000. b. Purchased merchandise inventory on account from various suppliers for $92,600. c. Paid rent of $23,500 for the month ofctober. d. Paid salaries of $41,200 to employees during October, including $2,500 owed to employees for work completed in September