Record the Financial Transactions Listed Below in Ledger format: Provide detail about the accounts that increase and decrease in the notes. Ignore the beginning and ending balances. Record only the transactions on the date given.

A) Blanton Corporation begins operations on January 2, 2019. They sell 6 million shares with a par value of $1 per share at market price of $12 per share.

B) On January 15, 2019, Blanton buys inventory worth $3.8 million. They pay for 30% of this purchase in cash and the rest on account due in 30 days.

C) On January 25, 2019, Blanton sells items from its inventory for $1,050,000. The original cost of these items is $560,000. They collect 25% in cash and the rest will be collected in 60 days.

D) On February 8, 2019, Blanton receives $310,000 for items that they cannot deliver until February 20, 2019.

E) On February 22, 2019, Blanton sells items for $250,000 on account. They inventory value of these items is $178,000. Blanton believes there is 2.5% chance this sale will be uncollectable.

F) On March 15, 2019, Blanton buys back 90,000 shares of their own stock for a market price of $10 per share