During 2017, Danielle had the following transactions A. Took out a $300,000 cash loan from Baker Bank and Trust B. Made a $60,000 investment in Ashley's Coffee Co. C. Declared dividends of $9,000. $4,000 of the dividend was paid in cash and the other $5,000 on account/credit. D. Purchased inventory of $120,000. This purchase was made with 50% cash and 50% on account/credit. E. Sold inventory for $90,000 (cost to company was $20,000). This sale was made for $30,000 cash and $60,000 on account/credit F. Collected $18,000 from a customer for the balances previously sold on account (in transaction e). G. Purchased equipment for $12,000. This purchase was made 75% in cash and 25% on account/credit. H. Prepaid $2,000 for insurance for the period January 1, 2019 - December 31, 2019. Paid employee salaries of $13,500. J. Paid $15,000 to suppliers for the inventory purchased on account/credit in transaction d. I. No Spacing Heading 1 Heading 2 Title Subtitle BALANCE SHEET INCOME STATEMENT ASSETS LIABILITIES EQUITY REVENUE EXPENSE ACCT Cash Accounts Payable Dividend Payable Retained Earnings Dividend Expense A 300,000 300,000 B c $4,000 $5,000 (9,000) $4,000 D 70,000 E TOTA LS BS EQUA TION BALANCE SHEET ASSETS LIABILITIES INCOME STATEMENT REVENUE EXPENSE EQUITY ACCT Salary Expense F 13,500 G - J TOTA LS BS EQUA TION Focus ards DE English (United States)