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1. Noyes Industries, Inc., headquartered in Lowell, MA started its service business in January 2021. Update the accounts for the following transactions that occurred during

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1. Noyes Industries, Inc., headquartered in Lowell, MA started its service business in January 2021. Update the accounts for the following transactions that occurred during January: Jan 1: Issued 1,000 shares of stock for $1,500 cash (\$1 par value). Jan 2: Purchased $500 in supplies for cash Jan 5: Performed $3,000 services on account. Jan 10: Collected $1,000 from customers who received services on Jan. 5. Jan 31: Checked and realized the company used up $400 in supplies during January. Jan 31: Received $200 cash as a deposit from customers who will receive services on February 15, 2022. Here is a listing of accounts for Noyes Industries, Inc in alphabetical order. Set up the T-accounts and enter the events - make sure you have the four parts of the T-account even if the amount is 0 . Beginning, Increases, Deacreses, and calculate the ending balance. If you think you need to add an account then do so

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