$1.$ Begin by entering the beginning balances in the General Ledger accounts from the Beginning Balance Sheet: all accounts have normal balances. Common Stock has $225,000$ shares issued and outstanding.

$2.$ Additional information: Company uses a perpetual inventory system $($discounts and freight are recorded in the inventory account$).$ Suppliers offer a $2\%$ discount; Company does not offer discounts to customers. No adjustment for inventory is needed. See picture below for assistance on journal entries.

$3.$ Record the following summarized September, $20$XX transactions using the general journal provided. Use a blank line between transactions. Use the account titles as shown in the General Ledger accounts, do not add any accounts.

a$.$ Purchased inventory on account, $$39,500$

b$.$ Paid $$1,500$ freight fees

c$.$ Sold inventory on account, $$29,500,$ cogs $$12,390$

d$.$ Paid Wages and Salaries, $$11,000,$ includes the amount due from previous month

e$.$ Received payments from customers on account, $$35,000$

f$.$ Cash sales, $$118,800,$ cogs $$49,896$

g$.$ Paid for $6$ months of business insurance, $$6,750$

h$.$ Paid for $12$ months of rent, $$15,000$

i$.$ Received cash advance payments from customers $$6,500$

j$.$ Paid outstanding accounts payable within the discount period, $$34,800$

k$.$ Completed $$2,500$ of work for customers that previously paid in advance $($use Sales Account$)$