A. made cash sales of $49,000 (example).

b. purchased $3,000 of additional supplies on account.

c. borrowed $58,000 on long-term notes.

d. purchased $18,600 in additional equipment, paying in cash.

e. incurred $27,000 in selling expenses, paying two-thirds in cash and owing the rest on account. f. paid $4,700 in rent for this month, and $4,700 for next month.

a Cash ... DR $49000

To Sales ... 49000

(Being Sales made in cash)

b Supplies ... DR $3000

To Accounts Payable ... $3000

(Being Supplies Purchased)

c Cash ... DR $58000

To Long Term Notes ... $58000

(Being Long Term Notes Borrowed)

d Equipment ... DR $18600

To Cash ... $18600

(Being Equipment Purchased in cash)

e Selling Expense ... DR $27000

To Cash ... $18000

To Accounts Payable ... $9000

(Being Selling Expenses Incurred)

f Rent Expense ... $4700

Prepaid Rent ... $4700

To Cash ... $9400