PLEASE MAKE SURE ANSWER IS CORRECT, KEEP SAME LABELING AS SHOWN HERE (NO ACCOUNT NUMBER NEEDED)...urgent

Complete after you receive feedback on ABC Company Practice Prob Wilson Supply Company

Record the following transactions in the T accounts on the next page.

1. T. J. Wilson invested $30,000 cash into the business.

2. Paid the rent for the current month, $1,150.

3. Paid for the liability insurance for one year, $1,278.

4. Paid cash for supplies, $182.

5. Sold $700 of merchandise on account to T. Smith, cost of $400, terms 1%10 net 30.

6. Received a bill for advertising from the Gazette, $590.

7. Received $12,000 of merchandise from XYZ Suppliers, terms 2% 10 net 30.

8. Sold $620 of merchandise on account to J. Blocker, cost of $350, terms 1% 10 net 30.

1. Made cash sales of $3,970 with a cost of $2,000.

10. Paid on account to the Gazette, a creditor, $590 for (f) above.

11. T. J. Wilson withdrew $750 for personal use.

12. Received payment from T. Smith for (e) above less the discount.

13. Made cash sales of $4,370 with a cost of $2,200.

14. Received and paid the bill for utilities, $348.

• Received and paid the telephone bill, $216.

16. Paid XYZ Suppliers for (g) above less the discount.

Required:

1. Record the transactions in the appropriate T account using the letter of the transaction as reference.

2. Foot and balance each T account. Points will be deducted if each column is not footed and each T account is not balanced. Double underline your final account balance.
3. Verify that debits equal credit by creating a trial balance from the T account balances.