[The following information applies to the questions displayed below.]

The following post-closing trial balance was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, 2017:

Cash	$	5,450
Accounts receivable		17,080
Allowance for doubtful accounts	$	1,645
Inventory		22,400
Accounts payable		7,585
Common stock		21,200
Retained earnings		14,500

Transactions for 2018

1. Acquired an additional $8,500 cash from the issue of common stock.
2. Purchased $59,100 of inventory on account.
3. Sold inventory that cost $63,700 for $96,500. Sales were made on account.
4. The company wrote off $1,150 of uncollectible accounts.
5. On September 1, LGS loaned $8,500 to Eden Co. The note had an 8 percent interest rate and a one-year term.
6. Paid $15,280 cash for operating expenses.
7. The company collected $78,620 cash from accounts receivable.
8. A cash payment of $50,910 was paid on accounts payable.
9. The company paid a $5,100 cash dividend to the stockholders.
10. Uncollectible accounts are estimated to be 1 percent of sales on account.
11. Recorded the accrued interest at December 31, 2018 (see item 5).

Heyulicu a. Organize the transaction data in accounts under an accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) LITTLE GROCERY SUPPLIER (LGS) Accounting Equation for the Year 2018 = Liabilities + Notes . Interest Accounts Receivable - Receivable Payable - Event Assets Merchandise Inventory Accounts Stockholders' Equity Common Retained Stock Earnings Cash Accounts Titles for Retained Earnings Allowance + + Receivable - Inventory Receiva Bal. + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + 10. + + + + + + + + + + + + 11. Bal. + + 0+ 0