During the first month of operations (January 2020), Music Services Ltd. completed the following selected transactions:

a. The business has cash of \(\$ 10,000\) and a building valued at \(\$ 50,000\). The corporation issued common shares to the shareholders in exchange for these investments.

b. Borrowed \(\$ 50,000\) from the bank, and signed a note payable.

c. Paid \(\$ 60 ; 000\) for music equipment.

d. Purchased supplies on account, \(\$ 1,000\)

e. Paid employees' salaries, \(\$ 1,500\).

f. Received \(\$ 800\) for service performed for customers.
g. Performed service to customers on account, \(\$ 4,500\).
h. Paid \(\$ 100\) of the account payable created in transaction (d).
i. Received a \(\$ 600\) utility bill that will be paid in the near future.
j. Received cash on account, \(\$ 3,100\)
k. Paid the following cash expenses: rent, \(\$ 1,000\); advertising, \(\$ 800\)
{Requirement}
Prepare the trial balance of Music Services Ltd. at January 31, 2020.