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1 Exercise 2-3 (Algo) T-accounts and trial balance (LO2-4) 2 Soints The following transactions occurred during March 2021 for the Wainwright Corporatie warehouse e Book 1. Issued 31,000 shares of common stock in exchange for $310,000 in cash. 2. Purchased equipment at a cost of $41,000. $10,500 cash was paid and a notes paya owed. 3. Purchased inventory on account at a cost of $80,000. The company uses the perpet- 4. Credit sales for the month totaled $125,000. The cost of the goods sold was $71,000. 5. Paid $5.100 in rent on the warehouse building for the month of March. 6. Paid $6.100 to an insurance company for fire and liability insurance for a one-year peric 7. Paid $71.000 on account for the merchandise purchased in 3. 8. Collected $56.000 from customers on account. 9. Recorded depreciation expense of $1.100 for the month on the equipment Hint Ask go) T-accounts and trial balance [LO2-4] sactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wh shares of common stock in exchange for $310,000 in cash. uipment at a cost of $41,000 $10,500 cash was paid and a notes payable to the seller was signed for the balanc ventory on account at a cost of $80,000. The company uses the perpetual inventory system. For the month totaled $125,000. The cost of the goods sold was $71.000. n rent on the warehouse building for the month of March. to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. on account for the merchandise purchased in 3. 56,000 from customers on account. depreciation expense of $1,100 for the month on the equipment. de transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero. Prepare a tria the ending account balances. unts and trial balance [LO2-4) arred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesa ommon stock in exchange for $310,000 in cash. a cost of $41,000 $10,500 cash was paid and a notes payable to the seller was signed for the balance account at a cost of $80,000. The company uses the perpetual inventory system. nith totaled $125,000. The cost of the goods sold was $71,000. the warehouse building for the month of March. erance company for fire and liability insurance for a one-year period beginning April 1, 2021. ount for the merchandise purchased in 3. Tom customers on account. son expense of $1100 for the month on the equipment. actions to the below T-accounts. Assume that the opening balances in each of the accounts is zero. Prepare a trial account balances question by entering your answers in the tabs below ercise 2-3 (Algo) T-accounts and trial balance (LO2-4 following transactions occurred during March 2021 for the Wainwright ehouse ssued 31.000 shares of common stock in exchange for $310,000 in cash Purchased equipment at a cost of $41.000 $10,500 cash was paid and a owed. Purchased inventory on account at a cost of $80,000. The company uses Credit sales for the month totaled $125.000. The cost of the goods sold was Paid $5.100 in rent on the warehouse building for the month of March Paid $6.100 to an insurance company for fire and liability insurance for a one nt for the merchandise purchased in 3. Exercise 2-3 (Algo) T-accounts and trial balance [LO2-4) The following transactions occurred during March 2021 for the Wainwright warehouse 1. Issued 31,000 shares of common stock in exchange for $310,000 in cash. 2. Purchased equipment at a cost of $41,000. $10,500 cash was paid and an owed. 3. Purchased inventory on account at a cost of $80.000. The company uses th 4. Credit sales for the month totaled $125,000. The cost of the goods sold was 5. Paid $5,100 in rent on the warehouse building for the month of March 6. Paid $6,100 to an insurance company for fire and liability insurance for a one- 7. Paid $71.000 on account for the merchandise purchased in 3. 8. Collected $56.000 from customers on account. od depreciation expense of $1,100 for the month on the equipment above transactions to the below T-accounts. Assume that the opening balances in each of the from the ending account balances. plete this question by entering your answers in the tabs below. Accounts Trial Balance st the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts le number of the transaction in the nolumn next to the amount, Cash Accounts receivable Beg. Bal. 310.000 Beg Bal End Bal 310.000 End. Bal. Inventory Prepaid insurance Hed 31,000 shares of common stock in exchange for $310,000 in cash. chased equipment at a cost of $41,000. $10,500 cash was paid and a notes payab ed archased inventory on account at a cost of $80.000. The company uses the perpetua edit sales for the month totaled $125,000. The cost of the goods sold was $71,000. aid $5,100 in rent on the warehouse building for the month of March. aid $6.100 to an insurance company for fire and liability insurance for a one-year perio Paid $71,000 on account for the merchandise purchased in 3. Collected $56,000 from customers on account. Recorded depreciation expense of $1,100 for the month on the equipment. ost the above transactions to the below T-accounts. Assume that the opening balances in e alance from the ending account balances. Complete this question by entering your answers in the tabs below s and trial balance [LO2-4] during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale non stock in exchange for $310,000 in cash. st of $41.000 $10.500 cash was paid and a notes payable to the seller was signed for the balance court at a cost of $80,000. The company uses the perpetual inventory system. otaled $125000. The cost of the goods sold was $71,000. warehouse building for the month of March. ce company for fire and liability insurance for a one-year period beginning April 1, 2021. for the merchandise purchased in 3. CSO account $100 for the month on the equipment. boatcounts. Assume that the opening balances in each of the accounts is zero. Prepare a trial your answers in the tabs below 1. Issued 31,000 shares of common stock in exchange for $310,000 in ca: 2. Purchased equipment at a cost of $41,000. $10,500 cash was paid and owed. 3. Purchased inventory on account at a cost of $80,000. The company use 4. Credit sales for the month totaled $125,000. The cost of the goods sold 5. Paid $5,100 in rent on the warehouse building for the month of March. 6. Paid $6,100 to an insurance company for fire and liability insurance for a 7. Paid $71,000 on account for the merchandise purchased in 3. 8. Collected $56,000 from customers on account. 9. Recorded depreciation expense of $1,100 for the month on the equipment Post the above transactions to the below T-accounts. Assume that the opening balance from the ending account balances. Complete this question by entering your answers in the tabs below