ok t ences The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 50,000 shares of common stock in exchange for $500,000 in cash. 2. Purchased equipment at a cost of $60,000 $20,000 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $118,000. The company uses the perpetual Inventory system. 4. Credit sales for the month totaled $220,000. The cost of the goods sold was $90,000. 5. Paid $7,000 in rent on the warehouse building for the month of March. 6. Paid $8,000 to an insurance company for fire and liability Insurance for a one-year period beginning April 1, 2021. 7. Paid $90,000 on account for the merchandise purchased in 3. 8. Collected $75,000 from customers on account. 9. Recorded depreciation expense of $3,000 for the month on the equipment. Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero. Prepare a trial balance from the ending account balances Complete this question by entering your answers in the tabs below. T Accounts Trial Balance Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero. (Enter the number of the transaction in the column next to the amount.) mere to search Cash 22 3 4 To de Accounts receivable. < Prev 2 of 5 Next > 5 ST < 60 +P no 112 140 Dell DDI & 7 90 * 8 C - +