Prepare journal entries for each transaction, post these to the ledgers, and prepare a trial balance. Cherry & White Bikes had the following additional transactions April 1: Installed new light fixtures and display cases in the leased store. CWB paid $4,000 for the fixtures, $300 for shipping to the store, and $700 to an electrician to install. The landlord gave CWB permission to remove and dispose of the old fixtures. CWB sold the old fixtures for $110. CWB anticipates being in the store for at least 3 years. CWB cannot take the light fixtures with them if they relocate as they will revert to the lessor. CWB can take the display cases, which cost $8,400, if they move. Both the display cases and light-fixtures have a six-year useful life. April 1: The owners hire Jose Fleur to manage the store, paying him a salary of $2,800 a month. Jose is paid on the first of every month, starting on May 1. August 30: CWB invests $1,000 in an 18-month certificate of deposit paying interest of 1%. November 1: CWB invests in a $2,000 3-month treasury bill paying interest of 0.5% December 2: One of the standard bikes sold on November 20 was returned by the customer. The bike sold for $250. CWB paid $90 for it. CWB provided a full refund. CWBs policy is to provide a customer with a full refund within 30 day of purchase as long as the bike is retuned in good condition. December 19: A customer puts down a deposit of $400 on a high-end racing bike that sells for $2,800. CWB ordered the bike from the manufacturer. The manufacturer promises CWB will have the bike at the store on January 2. December 30: Declared and paid dividends of $500.