The following transactions occurred during March 2024 for the Right Corporation. The company operates a wholesale warehouse. 1. Issued 35,000 shares of no-par common stock in exchange for $350,000 in cash. 2. Purchased equipment at a cost of $45,000. Cash of $12,500 was paid and a note payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $88,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $145,000. The cost of the goods sold was $75,000. 5 . Paid $5,500 in rent on the warehouse building for the month of March. 6. Paid $6,500 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2024. 7. Paid $75,000 on account for the inventory purchased in transaction 3. 8. Collected $60,000 from customers on account. 9. Recorded depreciation expense of $1,500 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 2024 for the Right Corporation. The company operates a wholesale warehouse. 1. Issued 35,000 shares of no-par common stock in exchange for $350,000 in cash. 2. Purchased equipment at a cost of $45,000. Cash of $12,500 was paid and a note payable to the seller was signed for the balance owed. 3. Purchased inventory on account at a cost of $88,000. The company uses the perpetual inventory system. 4. Credit sales for the month totaled $145,000. The cost of the goods sold was $75,000. 5 . Paid $5,500 in rent on the warehouse building for the month of March. 6. Paid $6,500 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2024. 7. Paid $75,000 on account for the inventory purchased in transaction 3. 8. Collected $60,000 from customers on account. 9. Recorded depreciation expense of $1,500 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