The chart of accounts used by Arts Corporation is listed below. You are to indicate the proper accounts to be debited and credited for the following transactions by entering the account number in the appropriate boxes. Dollar values are not required. Arts Corporation records all prepaid costs as assets and all revenue collected in advance as liabilities and uses a perpetual inventory system. fno entry is required please enter a zero (0) in each box. CHART OF ACCOUNTS 100 Cash 300 Common Shares 120 Accounts Receivable 350 Retained Earnings 125 AFDA. 370 Dividends Interest receivable 130 Sales and service revenue 00 Interest revenue 140 Note receivable 410 150 Inventory 500 COGS 170 Prepaid expenses 510 Advertising expense Equipment & Machine 180 520 Wages and benefits 185 Accumulated depreciation 530 Rent expense 195 Goodwill 540 Office supplies expense 220 Accounts Payable 550 Bank charges and interest Interest Payable Interest expense 230 560 250 Note Payable 570 Bad debt expense 280 Unearned revenue 590 Depreciation