The following transactions occurred during March 2013 for the Wainwright Corporation. The company owns and operates a wholesale warehouse.

1. Issued 49,000 shares of common stock in exchange for $490,000 in cash.
2.Purchased equipment at a cost of $59,000. $19,500 cash was paid and a note payable was signed for the balance owed.

3.Purchased inventory on account at a cost of $116,000. The company uses the perpetual inventory system.

4. Credit sales for the month totaled $215,000. The cost of the goods sold was $89,000.
5. Paid $6,900 in rent on the warehouse building for the month of March.
6.Paid $7,900 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2013.

7. Paid $89,000 on account for the merchandise purchased in 3.

8. Collected $74,000 from customers on account.
9. Recorded depreciation expense of $2,900 for the month on the equipment.

*Post the above transactions to below T-accounts. Assume that the opening balances in each of the accounts is zero.

*Prepare in good form a trial balance from the ending account balances.