Dell Computers, Inc had the following transaction 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. 1. 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. Land Cash Accts, Rec Inventory Building Accts Pay. Note Pay. Equipment Capital Stock Cost Goods Sold Sales