Prepare a balance sheet using the following information for Mike's Consulting as of January 31, 2019. Accounts payable $ 570 Cash 3,646 Mike Michael, Capital Jan. 1 5,709 Inventory 2,716 Wages payable 710 Sales 4,488 Product expenses 2,706 Mike Michael, Capital Jan. 31 7.491 Equipment 2,409 Solution 9. Prepare journal entries to record the following transactions that occurred in March on first day of the month, purchased building for cash, $75,000 B on fourth day of month, purchased inventory, on account, $6,875 C on eleventh day of month, billed customer for services provided, $8,390 D on nineteenth day of month, paid current month utility bill, 52,000 E on last day of month, paid suppliers for previous purchases, $2,850 Date Accounts and Xsplanation DEDE Credit 10. Post the following November transactions to T-accounts for Accounts Payable, Inventory, and Cash, indicating the ending balance. Assume no beginning balances in Accounts Payable and Inventory, and a beginning Cash balance of $21,220. purchased merchandise inventory on account, 89,900 B paid vendors for part of inventory purchased earlier in month, $6,500 . purchased merchandise inventory for cash, $4,750 Solution Cash Accounts Payable Inventory