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For each of the following transactions, propose a journal entry, and show T account. Assume each...

For each of the following transactions, propose a journal entry, and show T account. Assume each one occurred June 1, 2015.

a. The company spent $200,000 to buy equipment

b. The company bought a 12-month insurance policy for $50,000.

c. The company provided services to a customer and earned $10,000. The customer paid cash.

d. The company paid a previously outstanding account payable, of $4,000, using cash.

e. The company made a sale of $30,000 for cash.

f. In connection with the sale in part a, the company delivered finished goods inventory with a cost of $25,000 to the customer.

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