Put the following business business transactions into the given T-accounts in the pictures (all transactions took...

put the following business business transactions into the given T-accounts in the pictures (all transactions took place in january)

business transactions:

1.cash in the amount of $80,000 was received for services that will be performed in february

2.record the month revenue for services deferred in an earlier month (see existing T-account balance)

3.sold widgets on account in the amount of $210,000

4.paid february rent of $5,000 in january

5.at january 31 employees earned $20,000 that will not be paid until the february 1 payroll

6.the depreciation expense needs to ne recorded for the $200,000 equipment - assume a five year life (only one month depreciation) assume the equipment purchase was made at end of january - so not depreciated

7.record insurance expense for the month of january (see the T-account for existing balance of prepaid expense)

8.record one month interest expense on the notes payable (hint: both current and long term) interest rate is 10% (see existing T-account balance)

9.record interest earned on note receivable for the month of january, rate is 8% (see existing T-account balance)

10.record dividends paid in the amount of $5,000

11.record the purchase of equipment for $600,000 by signing a note (assume purchase january 31- no depreciation or interest necessary)