LIST OF ACCOUNTS THAT CAN BE USED IN THE EMPTY BOXES:

• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation-Buildings
• Accumulated Depreciation-Equipment
• Accumulated Depreciation-Trucks
• Accumulated Depreciation-Vehicles
• Advertising Expense
• Buildings
• Cash
• Common Shares
• Cost of Goods Sold
• Depreciation Expense
• Dividends Payable
• Equipment
• Income Tax Payable
• Interest Expense
• Interest Payable
• Inventory
• Land
• Miscellaneous Expense
• Notes Payable
• Operating Expense
• Other Expenses
• Prepaid Insurance
• Prepaid Rent
• Rent Expense
• Rent Revenue
• Retained Earnings
• Selling and Administrative Expenses
• Supplies Expense
• Wages Payable
• Wages Expense
• Advances to Employees
• Bank Loan Payable
• Deposits
• Dividend Revenue
• Dividends Declared
• Income Tax Expense
• Income Summary
• Insurance Expense
• Interest Revenue
• Interest Receivable
• Licence Expense
• Long-Term Investments
• Mortgage Payable
• No Entry
• Notes Receivable
• Supplies
• Prepaid Licence
• Prepaid Property Tax
• Property Tax Expense
• Repair and Maintenance Expense
• Sales Revenue
• Service Revenue
• Short-Term Investments
• Telephone Expense
• Unearned Revenue
• Utilities Expense
• Vehicles

Sweet Dreams Chocolatiers Ltd. began operations on January 1, 2020. During its first year, the following transactions occurred: 1. Issued common shares for $200,000 cash. 2. Purchased $484,000 of inventory on account. 3. Sold inventory on account for $656,000. The original cost of the inventory that was sold was $394,000. 4. Collected $567,000 from customers on account. 5. Paid $404,000 to suppliers for the inventory previously purchased on account. 6. Bought a delivery vehicle for $35,000 cash. 7. Paid $23,400 for rent, including $1,800 related to the next year. 8. Incurred $35,000 of operating expenses, of which $33,000 was paid. 9. Recorded $1,900 of depreciation on the vehicle. 10. Declared and paid dividends of $7,500. Post the journal entries to the following T accounts. (Post entries in the order of journal entries presented in the previous question. If beginning balance is zero, enter 0 in the column for the normal balance for that account.) Cash Bal. 0 Bal. 264100 1. 200,000 5. 4 404,000 4. 567,000 6. 35,000 7. 23,400 8. 33,000 10.4 7,500 Bal. 767,000 767,000 Accounts Receivable Prepaid Rent - Inventory Vehicles Vehicles Bal. 0 Bal. 33100 6. 35,000 9. 1900 4 35000 Accumulated Depreciation, Vehicles Accounts Payable Common Shares Dividends Declared Sales Revenue Sales Revenue Cost of Goods Sold Rent Expense Operating Expense Depreciation Expense Prepare a December 31, 2020, trial balance. (Do not list those accounts that have zero ending balance.) Sweet Dreams Chocolatiers Ltd. Trial Balance December 31, 2020 Debit Credit $ Totals $ $