Date	Account	Debit	Credit
May 1	Equipment	$13,800
	Cash		13,800
July 1	Depreciation Expense	300
	Accumulated Depreciation - Equipment		300
July 1	Accumulated Depreciation - Equipment	2,100
	Cash	3500
	Equipment		5000
	Gain on Sale of Equipment		600
Dec 8	Cash	18,700
	Accounts Receivable		18,700
Dec 10	Cash	9,450
	Sales Revenue		9,450
	Cost of Goods Sold	5,670
	Inventory		5,670
Dec 14	Inventory	16,000
	Accounts Payable		16,000
Dec 15	Supplies	500
	Cash		500
Dec 16	Accounts Payable	1,000
	Inventory		1,000
Dec 17	Accounts Receivable	13,400
	Sales Revenue		13,400
	Cost of Goods Sold	8,040
	Inventory		8,040
Dec 19	Salaries and Wages Expense	9,000
	Cash		9,000
Dec 22	Accounts Payable	15,000
	Inventory		300
	Cash		14,700
Dec 23	Allowance for Uncollectible Accounts	600
	Accounts Receivable		600
Dec 29	Cash	12,998
	Sales Discount	402
	Accounts Receivable		13,400
Dec 31	Bad Debt Expense	4,100
	Allowance for Uncollectible Accounts		4,100
Dec 31	Interest Receivable	600
	Interest Revenue		600
Dec 31	Insurance Expense	2400
	Prepaid Insurance		2400
Dec 31	Depreciation Expense	4,000
	Accumulated Depreciation - Building		4,000
Dec 31	Depreciation Expense	10,800
	Accumulated Depreciation - Equipment		10,800
Dec 31	Depreciation Expense	1,150
	Accumulated Depreciation - Equipment		1,150
Dec 31	Salaries and Wages Expense	4,000
	Salaries and Wages Payable		4,000
Dec 31	Unearned Rent Revenue	2,000
	Rent Revenue		2,000
Dec 31	Interest Expense Current Note Payable	550
	Interest Expense Long Term Note Payable	1,750
	Interest Payable		2,300

Post the folowing journal entries to T-accounts. Then create a trial balance sheet for December 31. The balance sheet on November 31 is shown below. Use the amounts from the balance sheet below as the beginning balances in the T-accounts. Assume the beginning balance is zero for all other accounts.

	Debit	Credit
Cash	28,000
Accounts Receivable	36,800
Allowance for Doubtful Accounts		500
Notes Receivable (due in 2017)	10,000
Inventory	36,200
Prepaid Insurance	3,600
Land	20,000
Buildings	150,000
Accumulated Depreciation, Building		50,000
Equipment	60,000
Accumulated Depreciation, Equipment		24,000
Accounts Payable		27,300
Unearned Rent Revenue		6,000
Notes Payable (due in 2017)		11,000
Notes Payable (due in 2029)		35,000
Common Stock, no par		50,000
Retained Earnings		63,600
Dividends	21,000
Sales Revenue		900,000
Cost of Goods Sold	630,000
Salaries and Wages Expense	110,000
General Expenses	61,800
Total	1,167,400	1,167,400