During the first month of operations (January 2018), Samuels Music Services Corporation completed the following selected transactions:

a. The business received cash of $41,000 and a building with a fair value of $110,000. The corporation issued common stock to the stockholders.
b. Borrowed $61,000 from the bank; signed a note payable.
c. Paid $46,000 for music equipment.
d. Purchased supplies on account, $340.
e. Paid employees’ salaries, $6,300.
f. Received $3,700 for music services performed for customers.
g. Performed services for customers on account, $12,800.
h. Paid $200 of the account payable created in transaction d.
i. Received an $800 bill for utilities expense that will be paid in the near future.
j. Received cash on account, $1,500.
k. Paid the following cash expenses: (1) rent, $1,000; (2) advertising, $800.

Requirements
1. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions. Determine the ending balance in each account.

2. Prepare the trial balance of Samuels Music Services Corporation at January 31, 2018.