Below are a set of transactions, please create the appropriate journal entries, post the journal entries to Taccounts, and create a trial balance.

A group of entrepreunerial college instructors have imported a new energy drink for students that is effective in maintaining student alertness, low in calories, and 100% organic. They are calling it BC Crush. BC Crush uses the perpetual method of inventory and LIFO.

3/1/2015 $500,000 of cash is traded for common stock in the new company

3/2/2015 A 3 year policy for liability insurance was purchased for $150,000 with a $25 million policy issued

3/2/2015 BC Crush borrowed $1 million from Leslie's Lifestyle Loans on a 180 day note with interest rate of 8%

3/3/2015 BC Crush purchased 5,000 gallons of energy drink from their overseas supplier for $0.50 a gallon with terms 2/10 n30.

3/5/2015 BC Crush sold 1,000 gallons of energy drink to Judith's Juice Bar for $5 per gallon. BC Crush offered terms of 1/15 n30.

3/6/2015 Every Friday, BC Crush pays its employees $2500 for 5 days of work from the previous days in cash.

3/7/2015 Discovered that 500 gallons of energy drink was contaminated with water. BC Crush returned the 500 gallons to their overseas supplier.

3/8/2015 Judith's Juice Bar returned 250 gallons fo energy drink due to taste issues.

3/10/2015 BC Crush paid the overseas supplier for their energy drink purchase

3/10/2015 BC Crush purchased $4800 of office supplies on account that are expected to last for month an a month.

3/12/2015 BC Crush purchased another 3000 gallons of energy drink from their overseas supplier for $0.75 per gallon with terms of 2/10 n30.

3/13/2015 Every Friday, BC Crush pays its employees $2500 for 5 days of work from the previous days in cash.

3/15/2015 BC Crush sold 3500 gallons of of energy drink to Segal's Suds for $15 per gallon. BC Crush offered terms of 1/15 n30.

3/17/2015 BC Crush received a bill from Puget Sound Energy for $2,500

3/19/2015 Judith's Juice Bar paid their outstanding bill in full for their purchase on 1/5/2015

3/20/2015 Every Friday, BC Crush pays its employees $2500 for 5 days of that will last for more than 3 months.

3/21/2015 BC Crush decided to purchase a special distilling machine to increase the purity of the energy drink. The $100,000 piece of equipment is expect to last 5 years and depreciate at $20,000 per year. BC Crush pays 25% down with the balance on a 60 day note with an interest rate of 6%.

3/25/2015 BC Crush sold 1000 gallons of energy drink to Pat's Pours for $15 per gallon. BC Crush offered terms of 2/15 n30.

3/27/2015 Every Friday, BC Crush pays its employees $2500 for 5 days of work from the previous days in cash.

3/31/2015 Segal's Suds pays for their purchase from 3/15/2015

3/31/2015 At the end of the month, $3800 of office supplies remained in the closet. In addition, a physical count determined that 2000 gallons of energy remained in inventory. As a matter of accounting policy, a full months of depreciation and interest is recognized for Financial Statement purposes.