Transaction 1) Issued common shares for $40,000 Transaction 2) Paid rent of $5,000 Transaction 3) Received a deposit for $1,000 for goods to be delivered in 2 months Transaction 4) Paid income tax for the month of $4,000 Transaction 5) Sold 10 sets of skis for a total of $46,000. Of this amount, $36,000 has been received in cash, and the remaining amount will be paid by the customers next month. The skis were purchased by Skis and Slopes in November, and originally cost the company $30,000. Transaction 6) Received a bill for utilities for the month of December for $400. It will be paid when it is due on January 27th, 2021 Transaction 7) Paid $32,000 for a new vehicle to be use solely for company purposes. Transaction 8) Obtained i bank loan for $100,000 Transaction 9) Paid $500 for advertising expenses Transaction 10) Paid $4,000 for employees salaries and wages. A total of $1,000 was still owed to employees at the end of the month (note: this $1,000 was not included in the $4,000 amount) Transaction 11) Paid the accounts payable that was owed at November 30th Transaction 12) Purchased Skis to sell later (i.c., inventory) for $90,000 cash What account should be DEBITED for Transaction 1 What account should be CREDITED for Transaction 2 What account should be CREDITED for Transaction 3 What account should be CREDITED for Transaction 4 What account should be DEBITED for the cash collected for Transaction 5 What account should be CREDITED for Transaction 6 What account should be CREDITED for Transaction 7 What account should be DEBITED for Transaction 8 What account should be DEBITED for Transaction 9 What account should be CREDITED for Transaction 10 for the salaries that were paid. What atcount should be DEBITED for Transaction 11 What account should be DEBITED for Transaction 12 In the space provided below, after all the journal entries have been recorded, what would the ending amount be in the cash Account? In the space provided below, after all the journal entries have been recorded, what would the ending amount be in the accounts receivable Account? In the space provided below, after all the journal entries have been recorded, what would the ending amount be in the inventory Account? In the space provided below, after all the journal entries have been recorded, what would the ending amount be in the Supplies Account? Note: This scenario repeated from above In the space provided below, after all the journal entries have been recorded, what would the ending amount be in the Equipment and Vehicles Account? In the space provided below, after all the journal entries have been recorded, what would the ending amount be in the Accounts Payable Account? In the space provided below, after all the journal entries have been recorded, what would the ending amount be in the Bank Loan Payable Account? Nata. This canavin rannated from above In the space provided below, after all the journal entries have been recorded, what would the ending amount be in the common shares Account? ++ In the space provided below, after all the journal entries have been recorded, what would the ending amount be in the retained earnings Account