The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 33,000 shares of common stock in exchange for $330,000 in cash. 2. Purchased equipment at a cost of $43,000. $11,500 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $84,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $135,000. The cost of the goods sold was $73,000. 5. Paid $5,300 in rent on the warehouse building for the month of March. 6. Paid $6,300 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. 7. Paid $73,000 on account for the merchandise purchased in 3. 8. Collected $58,000 from customers on account. 9. Recorded depreciation expense of $1,300 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.

The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. issued 33,000 shares of common stock in exchange for $330,000 in cash. 2. Purchased equipment ot a cost of $43,000.$11,500 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $84,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $135.000. The cost of the goods sold was $73.000. 5. Paid $5,300 in rent on the warehouse building for the month of March. 6. Paid \$6,300 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. 7. Paid $73,000 on account for the merchandise purchased in 3. 8. Coliected $58,000 from customers on account. 9. Recorded depreciation expense of $1,300 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. The tollowing transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 33,000 shares of common stock in exchange for $330,000 in cash. 2. Purchased equipment at a cost of $43,000. $11,500 cash was paid and a notes payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $84,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $135,000. The cost of the goods sold was $73,000. 5. Paid $5,300 in rent on the warehouse building for the month of March. 6. Paid $6,300 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021. 7. Paid $73.000 on account for the merchandise purchased in 3. 8. Coliected $58,000 from customers on account. 9. Recorded depreciation expense of $1,300 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. Ben Ball Equipment End. Bal. \begin{tabular}{|l|l|l|} \hline Beg. Bal, & & Sales revenue \\ \hline & & \\ \hline & & \\ \hline End. Bal. & & \\ \hline & & \\ \hline & Rent mexpense \\ \hline \end{tabular}