The following post-closing trial balance was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1: Credit Debit $ 9,000 41.000 78,000 Canh Accounts receivable Allowance for doubtful accounts Inventory Accounts payable Common stock Retained earnings Totals $ 2,500 21,000 50,000 54,500 $128,000 $120,000 Transactions for Year 2 1. LGS acquired an additional $20,000 cash from the issue of common stock. 2. LGS purchased $85,000 of Inventory on account 3. LGS sold Inventory that cost $91,000 for $160,000. Sales were made on account 4. The company wrote off $900 of uncollectible accounts. 5. On September 1, LGS Looned $18,000 to Eden Co. The note had an 8 percent interest rate and a one-year term. 6. LGS paid $19,000 cash for operating expenses. 7. The company collected $161,000 cash from accounts receivable 8. A cash payment of $92,000 was paid on accounts payable 9. The company paid a $5,000 cash dividend to the stockholders 10. Accepted credit cards for sales amounting to $7,000. The cost of goods sold was $4,000. The credit card company charges a 4% service charge. The cash has not been received 11. Uncollectible accounts are estimated to be 1 percent of sales on account. 12. Recorded the accrued interest at December 31, Year 2. Required 3. Record the above transactions in general Journal form (If no entry is required for a transaction/event, select "No journal entry required in the first account field.)