For each of the following transactions, prepare 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 $3,100 was purchased on account. b. A payment of $2,700 was made on accounts payable. c. Inventory costing $1,900 was sold on account for $2,800. (Hint: Two journal entries are required.) d. Accounts receivable of $1,800 were collected. e. f. Supplies costing $1,600 were purchased on account. Supplies costing $500 were consumed during the period. g. New equipment costing $7,200 was purchased for cash. h. The company borrowed $11,000 from a bank. (Use Bank Loan Payable) The company issued common shares for $18,000. Wages totalling $6,200 were earned by employees and paid to them. k. The company paid $2,100 on its bank loan, which included $140 of interest. The company paid $2,400 for the monthly rent on its leased premises. m. Land costing $24,000 was purchased. The company paid $3,000 in cash and the remainder was financed with a mortgage (a long-term loan). (Use Mortgage Payable) No. Aco Titles and Explanation De (To record sale of god (Te red the on)