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

Transactions for Year 2

LGS acquired an additional $8,300 cash from the issue of common stock.

LGS purchased $60,200 of inventory on account.

LGS sold inventory that cost $62,600 for $94,600. Sales were made on account.

The company wrote off $1,490 of uncollectible accounts.

On September 1, LGS loaned $9,000 to Eden Company The note had an 8 percent interest rate and a one-year term.

LGS paid $16,190 cash for operating expenses.

The company collected $75,270 cash from accounts receivable.

A cash payment of $46,890 was paid on accounts payable.

The company paid a $5,200 cash dividend to the stockholders.

Accepted credit cards for sales amounting to $3,700. The cost of goods sold was $1,500. The credit card company charges a 5 percent service charge. The cash has not been received.

Uncollectible accounts are estimated to be 1.5 percent of sales on account.

Recorded the accrued interest at December 31, Year 2.

Record the given transactions in general journal form

\begin{tabular}{lcc} & Debit & Credit \\ Cash & $6,180 & \\ Accounts receivable & 19,475 & \\ Allowance for doubtful accounts & & $1,880 \\ Inventory & 22,930 & 10,400 \\ Accounts payable & & 20,400 \\ Common stock & & 15,905 \\ Retained earnings & & $48,585 \\ Totals & $48,585 & $5 \\ \hline \hline \end{tabular}