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

Use the horizontal model below for each of the following transactions and adjustments that occurred during the first year of operations at Kissick Co.

a.	Issued 220,000 shares of $8-par-value common stock for $1,760,000 in cash.
b.	Borrowed $560,000 from Oglesby National Bank and signed a 14% note due in two years.
c.	Incurred and paid $380,000 in salaries for the year.
d.	Purchased $640,000 of merchandise inventory on account during the year.
e.	Sold inventory costing $590,000 for a total of $910,000, all on credit.
f.	Paid rent of $110,000 on the sales facilities during the first 11 months of the year.
g.	Purchased $140,000 of store equipment, paying $50,000 in cash and agreeing to pay the difference within 90 days.
h.	Paid the entire $90,000 owed for store equipment, and $610,000 of the amount due to suppliers for credit purchases previously recorded.
i.	Incurred and paid utilities expense of $44,000 during the year.
j.	Collected $875,000 in cash from customers during the year for credit sales previously recorded.
k.	At year-end, accrued $78,400 of interest on the note due to Oglesby National Bank.
l.	At year-end, accrued $10,000 of past-due December rent on the sales facilities.