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prepare t accounts the following transactions were completed. Disregard the calculations performed in the Basics tab for the remaining tabs. begin{tabular}{|l|r|} hline Transaction & Amount
prepare t accounts
the following transactions were completed. Disregard the calculations performed in the Basics tab for the remaining tabs. \begin{tabular}{|l|r|} \hline Transaction & Amount \\ \hline Purchased supplies with cash & 1,200 \\ \hline Paid rent & 1,200 \\ \hline Purchased a flower delivery vehicle & 25,000 \\ \hline Paid creditors for accounts payable due (part of opening balance) & 4,500 \\ \hline Sold products to Customer A on account. Inventory cost $10,000. & 15,000 \\ \hline Purchased inventory on account & 12,000 \\ \hline Sold products to Customer B for cash. Inventory cost $8,000. & 10,000 \\ \hline Issued common shares & 20,000 \\ \hline Declared and paid a cash dividend & 5,000 \\ \hline Paid accounts payable relating to inventory & 12,000 \\ \hline Customer A paid a portion of amount owing & 7,500 \\ \hline Received cash from Customer C for products to be shipped next month. & 8,000 \\ \hline Paid salaries to emolovees & 5.000 \\ \hline \end{tabular} Step by Step Solution
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