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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 49,000 shares of common

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The following transactions occurred during March 2021 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 49,000 shares of common stock in exchange for $490,000 in cash. 2. Purchased equipment at a cost of $59,000. $19,500 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 $116.000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $215.000. The cost of the goods sold was $89.000. 5. Paid $6,900 in rent on the warehouse building for the month of March 6. Paid $7.900 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2021 7. Paid $89,000 on account for the merchandise purchased in 3. 8. Collected $74.000 from customers on account 9. Recorded depreciation expense of $2,900 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. Complete this question by entering your answers in the tabs below. T Accounts Trial Balance Prepare a trial balance from the ending account balances Trial Balance Debits Account Title Credits TAccounts Trial Balance Prepare a trial balance from the ending account balances. Trial Balance Account Title Debits Credits Totals 0 0

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