Provide Journal entries, T-accounting and trial balance for the following transactions:

a. Purchase of inventory for $400 on account.

b. Receipt of $1,000 for invoice # 5738B.

c. Sale of product for $800.

d. Purchase of a fork lift for $25,000.

e. Sale of the old fork lift for $3,000.

f. Advance payment for next month's rent for $400.

g. Purchase of supplies for $700 with a $200 down payment.