Jeff Obenosky obtained a corporate charter from the state of Utah and started Clearview Cable TV Service, Inc. During the first month of operations, the business completed the following selected transactions:

a. Obenosky began the business with an investment of \(\$ 15,000\) cash and a building valued at \(\$ 50,000\). The corporation issued common stock to Obenosky.

b. Borrowed \(\$ 25,000\) from the bank; signed a note payable.

c. Paid \(\$ 32,000\) for transmitting equipment.

d. Purchased office supplies on account, \(\$ 400\).

e. Paid employee salary, \(\$ 1,300\).

f. Received \(\$ 500\) for cable TV service performed for customers.

g. Sold cable service to customers on account, \(\$ 2,300\).

h. Paid \(\$ 100\) of the account payable created in Transaction (d).

i. Received a \(\$ 600\) bill for utility expense that will be paid in the near future.

j. Received cash on account, \(\$ 1,100\).

k. Paid the following cash expenses:

(1) Rent on land, \(\$ 1,000\).

(2) Advertising, \(\$ 800\).

1. Declared and paid dividends of \(\$ 2,600\).

\section*{Required}

1. Open the following T-accounts: Cash; Accounts Receivable; Office Supplies; Transmitting Equipment; Building; Accounts Payable; Note Payable; Common Stock; Dividends; Service Revenue; Salary Expense; Rent Expense; Advertising Expense; Utilities Expense.

2. Record the following transactions directly in the T-accounts without using a journal. Use the letters to identify the transactions.

3. Prepare the trial balance of Clearview Cable TV Service, Inc., at January 31, 19X7.