CLASS ACTIVITY DELL COMPUTERS, Inc had the following transactions during a recent period: a Received $75,000 cash from the insurance of capital stock b. Purchased inventory on account for $27.000 C Paid $7,500 cash for equipment d. Sold merchandise on account for $37,500, cost of goods sold was $22,500. e. Purchased land and a building for $15,000 and $90,000, respectively, for $22,500 cash, singing a note for the balance. f. Collected $14,250 from customers who had previously purchased inventory on account Use the T-accounts below to record these transactions. Use the alphabetical character representing each transaction to cross-reference your entries Cash Land Accts, Rec. Inventory Equipment Note Pay Building Accts.Pay. Capital Stock Sales Cost Goods Sold