put the following business business transactions into the given T-accounts in the pictures (all transactions took place in january)

business transactions:

1.cash in the amount of $80,000 was received for services that will be performed in february

2.record the month revenue for services deferred in an earlier month (see existing T-account balance)

3.sold widgets on account in the amount of $210,000

4.paid february rent of $5,000 in january

5.at january 31 employees earned $20,000 that will not be paid until the february 1 payroll

6.the depreciation expense needs to ne recorded for the $200,000 equipment - assume a five year life (only one month depreciation) assume the equipment purchase was made at end of january - so not depreciated

7.record insurance expense for the month of january (see the T-account for existing balance of prepaid expense)

8.record one month interest expense on the notes payable (hint: both current and long term) interest rate is 10% (see existing T-account balance)

9.record interest earned on note receivable for the month of january, rate is 8% (see existing T-account balance)

10.record dividends paid in the amount of $5,000

11.record the purchase of equipment for $600,000 by signing a note (assume purchase january 31- no depreciation or interest necessary)

Cash Debit 1,268,000.00 Credit Trading Securities Debit Credit 50,000.00 BB $ BB $ EB $ 1,268,000.00 EB $ 50,000.00 Note Receivable Debit Credit 200,000.00 PREPAID EXPENSES Debit Credit 22,000.00 BB $ BB $ $ 200,000.00 EB $ 22,000.00 Accumulated Depr Debit Credit $ 40,000.00 Accounts Payable Debit Credit $750,000.00 BB BB EB $ 40,000.00 EB $ 750,000.00 Unearned Revenue Debit Credit $ 24,000.00 Note Payable-Long Term Debit Credit $ 150,000.00 BB BB | $ 24,000.00 EB $ 150,000.00 Widget Sales Debit Credit SERVICE REVENUE Debit Credit FB $ - EB Interest Expense Insurance Expense Debit Credit Credit EB $ - Accounts Receivable Debit Credit 1,300,000.00 Allowance for Doubtful Accts Debit Credit 20,000.00 BB Inventory Debit 1,100,000.00 Credit $ BB BB $ EB $ 1,300,000.00 $ 20,000.00 EB $ 1,100,000.00 Interest Receivable Debit Credit Land Debit 100,000.00 Credit Equipment Debit 200,000.00 Credit BB $ BB $ EB $ EB $ 100,000.00 EB $ 700,000.00 Salaries Payable Debit Credit Current Portion Notes Payable Debit Credit $ 50,000.00 Interest Payable Debit Credit BB $ BB BB $ 50,000.00 EB EB Common Stock Debit Credit $ 2,450,000.00 Retained Earnings Debit Credit $ 756,000.00 BB BB $ 2,450,000.00 EB $ 756,000.00 COST OF GOODS SOLD Debit Credit Utility Expense Debit Credit Rent Expense Debit Credit EB B $ . EBS - EB $ . Depreciation Expense Debit Credit SALARY EXPENSE Debit Credit Interest REVENUE Debit Credit EB S . EB $