Record the above transactions in T-Accounts

Virus Pharma Company had the following transactions: 1. Issued capital stock for $625,000. 2. Purchased of inventory for $25,000 paying $5,000 and signing a note for the difference. 3. Paid $11,000 for rent. 4. Sold inventory costing $3,000 for a total sales price of $25,000. 5. Performed a service receiving $3,500 and $1,500 to be collected. 6. Purchased a new Cleaning Machine for $555 on account. Chart of Accounts for Virus Pharma Company Assets: Cash Accounts Receivable Inventory Equipment Land Liabilities: Accounts Payable Note Payable Owners' Equity: Capital Stock Dividends Revenues: Sales Revenue Service Revenue Expenses: Cost of Goods Sold Wages Expense Utilities Expense Rent Expense