The Accounting Cycle}
Sweetwater Temporary Clerical Help Service opened for business in June 2018. From the opening until the end of the year, Sweetwater engaged in the activities described below. So that a realistic trial balance can be prepared, the events described below are aggregations of many individual events.

a. Issued 10,000 common shares for \(\$ 4.50\) per share

b. Purchased office equipment from Furniture Max Inc. for \(\$ 18,710\) cash

c. Received \(\$ 112,880\) from clients for services provided

d. Paid wages of \(\$ 87,300\)

e. Borrowed \(\$ 20,000\) from the Royal Bank on a three-year note payable

f. Paid office rent of \(\$ 10,200\)
g. Purchased office supplies on credit for \(\$ 2,120\) from Office Supply Ltd.
h. Paid \(\$ 1,200\) toward the payable established in transaction \(g\)
i. Paid utility charges incurred during the year of \(\$ 3,250\)
\section*{Required:}
1. Analyze the events for their effect on the basic accounting equation.
2. Prepare journal entries. (Note: Ignore the date because these events are aggregations of individual events.)

3. Post the journal entries to T-accounts.
4. Prepare a trial balance at December 31, 2018 .