1. (1 point) Answer the following question -- When you deposit money in your bank account, the bank credits your account. Is the bank misusing the word "credit" in this context? Why does the bank use the term "credit" instead of "debit" to refer to your deposit? Explain your answer in terms of the expanded accounting equation diagram at the top of page F2-8 in your text. (about 50-100 words) Do not search the internet. Use what you know about banking, debits and credits, assets and liabilities. 2. (2 points) Prepare a Trial Balance and Balance Sheet as of June 30, 2019, in good form using the following account balances. The accounts are listed in random order. For the trial balance, use the balance in retained earnings at June 1, 2019. Retained earnings at June 30, 2019, are $11,450. For an extra point, prove the $11,450 balance in ending retained earnings. (There are 12 accounts in 3 columns listed below.) Include a citation to the text including specific page numbers and paragraphs used. No citation = no credit. Do not search the internet. Use your text. If you cannot find the solution in your text, meet me during office hours. Equipment Office Supplies Notes Payable Rent Expense $25,850 1,000 6,800 900 Cash Dividends Service Revenue Accounts Receivable $1,400 3,500 15,000 9,000 Accounts Payable Retained Earnings June 1, 2019 Salaries Expense Common Stock $8,000 3,250 2,400 11,000