Vonderheid's balance sheet for December 31, Year 6 appears below: Assets Cash Interest Receivable Notes Receivable Inventory Total Current Assets Vonderheid Company Balance Sheet December 31, Year 6 Liabilities and Shareholders' Equity ' $ 30,000 Accounts Payable 1,000 Notes Payable 8.000 Interest Payable 50.000 Total Current Liabilities $ 89,000 Bonds Payable Total Liabilities $ 15,000 70000 Common Stock $85 000 Additional Paid-in Capital Retained Earnings Total Shareholders' Equity $174,000 Total Liabilities and Shareholders' Equity $ 20,000 16,000 800 S 36.800 20.000 $ 56,800 Land Building Total Land and Building S 80.000 20.000 17200 $117.200 $174,000 Total Assets The following transactions (a-g) occurred during January Year 7. For each transaction, make the appropriate journal entry to record the transaction. Be sure to also show the effect on the balance sheet equation a. The firm collected the note receivable of $8,000 and the related accrued interest of $1,000 on January 2 Answer b. Paid the note payable for $16,000 and the related accrued interest of $800 on January 2 Answer c. Paid the December 31 balance in Accounts Payable on January 15. Answer d. Issued $80,000 of bonds at face value and used the proceeds to pay for an addition to the building on January 20. d Answer e. Acquired merchandise inventory costing $30,000 on January 21 with payment of $16,000 in cash and the remainder due in 30 days on open account. Answer f. Sold the plot of land costing $15,000 for $15,000 on January 25. Answer g. Issued an additional 400 shares of common stock for $125 per share on January 28. The par value of the stock is $100