The following transactions occurred during March 2016 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.

1.	Issued 44,000 shares of common stock in exchange for $440,000 in cash.
2.	Purchased equipment at a cost of $54,000. $17,000 cash was paid and a note payable was signed for the balance owed.
3.	Purchased inventory on account at a cost of $106,000. The company uses the perpetual inventory system.
4.	Credit sales for the month totaled $190,000. The cost of the goods sold was $84,000.
5.	Paid $6,400 in rent on the warehouse building for the month of March.
6.	Paid $7,400 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2016.
7.	Paid $84,000 on account for the merchandise purchased in 3.
8.	Collected $69,000 from customers on account.
9.	Recorded depreciation expense of $2,400 for the month on the equipment.

Post the above transactions to below T-accounts. Assume that the opening balances in each of the accounts is zero.