[rionne1]

a. Purchased inventory on account for $130,000
b. Sold goods for $100,00 cash. The goods originally cost $65,000.
c. Paid $27,000 cash for employee wages.
d. Paid $12,500 cash for advertising.
e. Sold goods for $25,000 cash and $60,000 on account (a total of $85,000). The goods originally cost $57,000
f. Collected cash of $47,000 from the $60,000 receivable on account; the remaining $13,000 to be collected later.
g. Paid cash of $55,000 on the $130,000 payable on account; the remaining $75,000 is expected to be paid later.
h. Paid cash dividends of $8,5000

Add the two cash account balances together to get the total balance. Construct a trial balance.

Thank you so much for your help.

[pready]

First you need to set up T-accounts for all of your accounts.

Post the transactions to the T-accounts.

Compute the ending Balance in the T-accounts

Do the Trial Balance. Debits = Credits