For each of the following transactions, construct journal entries: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) a. Inventory costing $4,100 was purchased on account. b. A payment of $3,250 was made on accounts payable. G. Inventory costing $1,800 was sold on account for $2,700. (Hint: Two journal entries are required.) d. Accounts receivable of $2,400 were collected. e. Supplies costing $1,450 were purchased on account. f. Supplies costing $600 were consumed during the period. g. New equipment costing $7,800 was purchased for cash h. The company borrowed $13,000 from a bank. i. The company issued common shares for $20,000. J. Wages totalling $6,300 were earned by employees and paid to them. k. The company paid $2,000 on its bank loan, which included $150 of interest 1. The company paid $2,600 for the monthly rent on its leased premises. m. Land costing $23,300 was purchased. The company paid $3,000 in cash and the remainder was financed with a mortgage (a long-term loan). No. Account Titles and Explanation Credit (To record sale of goods) (To record cost of goods sold)