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Question: the followlng transactions occurred during march 2018 for the walnwright...

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The followlng transactions occurred during March 2018 for the Walnwright Corporation. The company owns and operates a wholesale warehouse. 1 Issued 50,000 shares of common stock In exchange for $500,000 In cash 2 Purchased equipment at a cost of $60,000. $20,000 cash was pald and a note payable was slgned for the balance owed. 3. Purchased Inventory on account at a cost of $118,000. The company uses the perpetual Inventory system. 5. Pald $7000 In rent on the warehouse building for the month of March. 6. Pald $8,000 to an Insurance company for fire and lablity Insurance for a one-year perlod beginning Aprl 1, 2018. 7. Pald $90,000 on account for the merchandise purchased In 3. 8. Collected $75,000 from customers on account 9. Recorded depreclation expense of $3,000 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 Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zer the number of the transaction in the column next to the amount.) Cash Accounts Receivable Beg. Bal Beg. Bal End. Bal. End. Bal Inventory Prepaid Insurance Beg. Bal Beg. Bal End. Bal End. Bal Equipment Accumulated Depreciation Beg. Bal Beg. Bal End. Bal End. Bal

Accounts Payable Note Payable Beg. Bal Beg. Bal End. Bal End. Bal Common Stock Sales Revenue Beg. Bal Beg. Bal End. Ball End. Bal Cost of Goods Sold Rent Expense Beg. Bal. Beg. Bal End. Bal. End. Bal Depreciation Expense Beg. Bal End. Bal Trial Balance

Post the above transactions to the below T-accounts. Assume thst the opening balances in esch of the accounts is zero. Prepare a trial 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 Account Title Debits Credits Totals K TAccounts

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