Required Information [The following information applles to the questions displayed below.] The following post-closing trlal balance was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1. Transactions for Year 2 1. LGS acquired an additional $9,400 cash from the Issue of common stock. 2. LGS purchased $58,600 of Inventory on account. 3. LGS sold Inventory that cost $61,300 for $94,600. Sales were made on account. 4. The company wrote off $1,010 of uncollectible accounts. 5. On September 1 , LGS loaned $8,500 to Eden Company The note had an 5 percent Interest rate and a one-year term. 6. LGS pald $14,480 cash for operating expenses. 7. The company collected $73,750 cash from accounts recelvable. 8. A cash payment of $47,490 was pald on accounts payable. 9. The company pald a $4,600 cash dividend to the stockholders. 10. Accepted credit cards for sales amounting to $3,400. The cost of goods sold was $1,600. The credit card company charges a 4 percent service charge. The cash has not been recelved. 11. Uncollectlble accounts are estimated to be 3 percent of sales on account. 12. Recorded the accrued Interest at December 31, Year 2. Required a. Record the given transactions in general Journal form. (If no entry is requlred for a transaction/event, select "No journal entry required" In the first account fleld. Round your answers to nearest whole dollar.) Note: Enter debits betore credits