The following transactions occurred during March 2024 for the Right Corporation. The company operates a wholesale warehouse. 1. Issued 46,000 shares of no-par common stock in exchange for $460,000 in cash. 2. Purchased equipment at a cost of $56,000. Cash of $18,000 was paid and a note payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $110,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $200,000. The cost of the goods sold was $86,000. 5. Paid $6,600 in rent on the warehouse building for the month of March. 6. Paid $7,600 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2024. 7. Paid $86,000 on account for the inventory purchased in transaction 3. 8. Collected $71,000 from customers on account. 9. Recorded depreciation expense of $2,600 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. T Accounts Trial Balance Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero. Note: Enter the number of the transaction in the column next to the amount. Beginning Balance Cash 0 Accounts receivable Beginning Balance Ending Balance Ending Balance Inventory Prepaid insurance Beginning Balance 0 Beginning Balance 0 Ending Balance Ending Balance Equipment Accumulated depreciation Beginning Balance Beginning Balance 0 Ending Balance Ending Balance Accounts payable Notes payable Beginning Balance Beginning Balance Ending Balance Ending Balance Common stock Sales revenue Beginning Balance Beginning Balance Ending Balance Ending Balance Cost of goods sold Rent expense Beginning Balance 0 Beginning Balance 0 Ending Balance Ending Balance Depreciation expense Beginning Balance Ending Balance T Accounts Trial Balance Prepare a trial balance from the ending account balances. Trial Balance Account Title Debits Credits Totals S 0 S 0