Sweet Dreams Chocolatiers Ltd. began operations on January 1, 2020. During its first year, the following transactions occurred: 1. Issued common shares for $200,000 cash. 2. Purchased $494,000 of inventory on account. 3. Sold inventory on account for $653,000. The original cost of the inventory that was sold was $392,000. 4. Collected $562,000 from customers on account. 5. Paid $393,000 to suppliers for the inventory previously purchased on account. 6. Bought a delivery vehicle for $37,000 cash. 7. Paid $26,000 for rent, including $2,000 related to the next year. 8. Incurred $19,000 of operating expenses, of which $17,000 was paid. 9. Recorded $2,200 of depreciation on the vehicle. 10. Declared and paid dividends of $6,500. Your answer is partially correct. Post the journal entries to the following T accounts. (Post entries in the order of journal entries presented in the previous question. If beginning balance is zero, enter in the column for the normal balance for that account.) Cash $200,000 5. $393,000 Bal. $562,000 6. $37,000 7. $26,000 8. $17,000 10. $6,500 Bal. $282,500 Accounts Receivable 3. $653,000 4. $562,000 Bal. $91,000