The following post-closing trial balance was drawn from the accounts of Little Grocery Supplier (LGS) as of December 31, Year 1.

	Debit	Credit
Cash	$5,860
Accounts receivable	17,500
Allowance for doubtful accounts		$2,190
Inventory	25,550
Accounts payable		9,705
Common stock		19,700
Retained earnings		17,315
Totals	$48,910	$48,910

Transactions for Year 2

1. LGS acquired an additional $11,400 cash from the issue of common stock.
2. LGS purchased $58,400 of inventory on account.
3. LGS sold inventory that cost $63,800 for $96,500. Sales were made on account.
4. The company wrote off $1,230 of uncollectible accounts.
5. On September 1, LGS loaned $9,000 to Eden Company The note had an 9 percent interest rate and a one-year term.
6. LGS paid $16,310 cash for operating expenses.
7. The company collected $84,120 cash from accounts receivable.
8. A cash payment of $45,910 was paid on accounts payable.
9. The company paid a $5,200 cash dividend to the stockholders.
10. Accepted credit cards for sales amounting to $3,300. The cost of goods sold was $1,700. The credit card company charges a 4 percent service charge. The cash has not been received.
11. Uncollectible accounts are estimated to be 2 percent of sales on account.
12. Recorded the accrued interest at December 31, Year 2

b. Open T-accounts and record the beginning balances and the Year 2 transactions. (Round your answers to nearest whole