Prepare the journal entries for each of the six transactions depicted in the following T-accounts, along with a brief explanation as to the nature of the transaction.

Cash Prepaid Rent Sales --------------- --------------- -------------

(1) 11,000| 350 (2) (2) 350| |1,600 (4)

(5) 400|450 (6) |

Accounts Receivable Accounts Payable Cost of Goods Sold ----------------- ------------- ----------------

(4) 1,600|400 (5) | 2,800 (3) (4) 1,100| | | |

Merchandise Inventory Paid-In Capital Wage Expense ---------------- --------------- ----------------

(3) 2,800|1,100 (4) . 11,000 (1) (6) (450) |