March 1 Owners of OPJ invested an additional $55,000.00 cash into the business. The cash is put into Big Bank. (As an example of how to journalize and post a transaction - this transaction has already been entered into the General Journal and posted to the General Ledger.) March 1 Pay off the $60,000.00 Note Payable owed to Little Bank. The cash to payoff the note is taken out of Big Bank. Also pay to Little Bank $450,00 for interest owed on the Note Payable for February. The $450.00 cash is also taken out of Big Bank. March 1 Take $5,225.00 cash out of Big Bank to pay for March's rent. March 2. The customer that purchased on credit on February 15 pays $88,000.00 cash to pay off the amount due. The cash is deposited into Big Bank March 10 Sale of inventory to a customer - selling price $78,750.00 - cost of inventory sold $32,000.00 The customer pays cash. The cash is deposited into Little Bank March 16 Take $22,550.00 cash out of Little Bank to pay employees for wages they have earned March 16 Purchase $83,800.00 of additional inventory. OPJ will pay the manufacturer 50% of the $83,800.00 in 10 days. OPJ will pay the remaining 50% in 30 days March 17 Sale of irventory to a customer - selling price $105,000.00 - cost of the inventory sold $44,000.00 The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer - selling price $138,500.00 - cost of the inventory sold $34,500.00 The customer pays $38,500.00 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days. March 22 Purchase inventory for $49,000.00cash. The cash is taken out of Big Bank. March 1 Owners of OPJ invested an additional $55,000.00 cash into the business. The cash is put into Big Bank. (As an example of how to journalize and post a transaction - this transaction has already been entered into the General Journal and posted to the General Ledger.) March 1 Pay off the $60,000.00 Note Payable owed to Little Bank. The cash to payoff the note is taken out of Big Bank. Also pay to Little Bank $450,00 for interest owed on the Note Payable for February. The $450.00 cash is also taken out of Big Bank. March 1 Take $5,225.00 cash out of Big Bank to pay for March's rent. March 2. The customer that purchased on credit on February 15 pays $88,000.00 cash to pay off the amount due. The cash is deposited into Big Bank March 10 Sale of inventory to a customer - selling price $78,750.00 - cost of inventory sold $32,000.00 The customer pays cash. The cash is deposited into Little Bank March 16 Take $22,550.00 cash out of Little Bank to pay employees for wages they have earned March 16 Purchase $83,800.00 of additional inventory. OPJ will pay the manufacturer 50% of the $83,800.00 in 10 days. OPJ will pay the remaining 50% in 30 days March 17 Sale of irventory to a customer - selling price $105,000.00 - cost of the inventory sold $44,000.00 The customer will pay for the purchase in 30 days. March 20 Sale of inventory to a customer - selling price $138,500.00 - cost of the inventory sold $34,500.00 The customer pays $38,500.00 cash that is deposited into Little Bank. The customer will pay the remaining amount in 30 days. March 22 Purchase inventory for $49,000.00cash. The cash is taken out of Big Bank