d) Purchased $2,451 million worth of inventory on account. Account Title Debit Credit e) Purchased new equipment costing $392 million on account. Account Title Debit Credit f) Had $13,800 million in credit sales to customers. Account Title Debit Credit 2. g) Paid $240 million cash for current period interest expense. Account Title Debit Credit g) Paid $240 million cash for current period interest expense. Account Title Debit Credit h) Issued $3 million of new common stock. Account Title Debit Credit i) Borrowed $2,250 million cash from a bank by signing a long-term note payable with a bank. Account Title Debit Credit j) Paid $437 million cash for income tax expense for current period. Account Title Debit Credit k) Based on the journal entries you have prepared, calculate Gap's Net Income (Net Loss). SHOW YOUR WORK. 1) At the beginning of the period, Gap had a Cash balance of $1,364 million. Use this beginning balance and your journal entries to show what Gap's Cash T account would look like for the most recent period and calculate Gap's ending Cash balance. SHOW YOUR WORK. Cash Gap's Ending Cash Balance