(Answered) Tripps toner supply experienced the following events during

Accounting

Tripp's Toner Supply experienced the following events during 2013, its first year of operation:

1. Acquired $25,000 cash from the issue of common stock.
2. Purchased inventory for $32,000 cash.
3. Sold inventory costing $19,000 for $36,000 cash.
4. Paid $3,100 for advertising expense.

Required:

a. Record the general journal entries for the preceding transactions.
b. Post each of the entries to T-accounts.
c. Prepare a trial balance to prove the equality of debits and credits.

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