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The following transactions occurred during March 2 0 2 4 for the Right Corporation. The company operates a wholesale warehouse. Issued 4 4 , 0

The following transactions occurred during March 2024 for the Right Corporation. The company operates a wholesale warehouse.
Issued 44,000 shares of no-par common stock in exchange for $440,000 in cash.
Purchased equipment at a cost of $54,000. Cash of $17,000 was paid and a note payable to the seller was signed for the balance owed.
Purchased inventory on account at a cost of $106,000. The company uses the perpetual inventory system.
Credit sales for the month totaled $190,000. The cost of the goods sold was $84,000.
Paid $6,400 in rent on the warehouse building for the month of March.
Paid $7,400 to an insurance company for fire and liability insurance for a one-year period beginning April 1,2024.
Paid $84,000 on account for the inventory purchased in transaction 3.
Collected $69,000 from customers on account.
Recorded depreciation expense of $2,400 for the month on the equipment.
Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero. Prepare a trial balance from the ending account balances.
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