Purchased equipment on account for $5,500 from the Strong Company. The full amount is due in 15 davs. Received a $150 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2 Sold inventory on account for $5,000. The cost of the inventory was $2,800. 10 Purchased inventory on account for $9,500. 13 Purchased equipment for cash, $800. 16 Paid the entire amount due to the Strong Company. 18 Received $4,000 from customers on account. 20 Paid $800 to the owner of the building for January's rent. 30 Paid employees $3,000 for salaries for the month of January. 31 Paid a cash dividend of $1,000 to shareholders. Required: 1. Set up T-accounts