Requirement 1. Record each of the transactions into T-accounts for th e new company. Calculate the account balances and prepare an unadjusted trial balance at June 30, 2011 Requirement 1. Record each of the transactions into T-accounts for the new company. Caclate the account balances and prepare an unadjusted trial balance at June 30, 2011 Begin by recording Dave's contribution to the company into the T-accounts as beginning balances (BB) ASSETS LIABILITIES SHAREHOLDERS' EQUITY Cash More Info Common stock -Bing y bought $5,000 of new books from its supplier with cash. Accounts receivable Sales (new books) 2. On April 30, customers brought in used books and the company purchased them for $650 cash. 3. On June 30, $800 of new books were sold for $2,800. Half of these sales were on account. 4. On June 30, the company sold all the used books for $1,600 cash. Inventory (new books) Sales (used books) Print Done Inventory (used books) Cost of goods sold