e a Help Save & Exit Subr Seved Chapter 2 Homework Check my wor 3 The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 18 points 1 Issued 39,000 shares of common stock in exchange for $390,000 in cash. 2. Purchased equipment at a cost of $49,000. $14,500 cash was paid and a note payable was signed for the balance owed. 3. Purchased inventory on account at a cost of $96,000. The compa 4. Credit sales for the month totaled $165,000. The cost of the goods sold was $79,000 elook Hint Pant Paid $5,900 in rent on the warehouse building for the month of March. 6. Paid $6,900 to an insurance company for fire and liabl 7 Paid 8. Collected $64,000 from customers on account ance company for fire and liability insurance for a one-year period beginning April 1, 2018. $79,000 on account for the merchandise purchased in 3. References 9. Recorded depreciation expense of $1,900 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 Accountsi Trial Balance Prev 3 of 4 Next> e here to search