The following are the business transactions. Post all these transactions in T accounts with the following ledger accounts: Cash Account; Sales Account; Rent Expense; Wages Expense; Purchases Account; Machine Account; Receivables Account; Payables Account; Insurance Expense; Owners Capital.

Owners invested $15,000 in a newly opened Business for cash deposited to the account of the company.

Bought a machine on credit from A, $8,000.

Bought goods on credit from B, cost $500.

Sold goods on credit to C, value at $1,200.

Paid D (a supplier) $300.

Collected $180 form E, a customer.

Paid wages for $4,000

Received rent bill of $700 form Landlord G.

Paid rent of $700 to Landlord G.

Paid insurance premium $90.