2\ Question 9, P2-64A (similar to)\ HW Score:

81.79%,7.36

of 9 points\ Part 1 of 2\ Points: 0 of 1\ During the first month of operations (November 2021), Smolt Music Services Corporation completed the following selected transactions:\ (Click the icon to view the transaction data.)\ Read the requirements.\ Requirement 1. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions. Determine the ending balance in each account.\ More infp\ a. The business received cash of

$53,000

and a building with a fair value of

$105,000

. The corporation issued common stock to the stockholders.\ b. Borrowed

$57,000

from the bank; signed a note payable.\ c. Paid

$44,000

for music equipment.\ d. Purchased supplies on account,

$300

.\ e. Paid employees' salaries,

$5,900

.\ f. Received

$3,800

for music services performed for customers.\ g. Performed services for customers on account,

$12,600

.\ h. Paid

$250

of the account payable created in transaction d.\ i. Received

a(n)$450

bill for utilities expense that will be paid in the near future.\ j. Received cash on account,

$1,300

.\ k. Paid the following cash expenses: (1) rent,

$1,100

; (2) advertising,

$700

.\ Etext pages\ Get more help-\ Clear all

During the first month of operations (November 2021), Smolt Music Services Corporation completed the following selected transactions: (Click the icon to view the transaction data.) Read the requirements. Requirement 1. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions. Determine the ending balance in each account. More infp a. The business received cash of $53,000 and a building with a fair value of $105,000. The corporation issued common stock to the stockholders. b. Borrowed $57,000 from the bank; signed a note payable. c. Paid $44,000 for music equipment. d. Purchased supplies on account, $300. e. Paid employees' salaries, $5,900. f. Received $3,800 for music services performed for customers. g. Performed services for customers on account, $12,600. h. Paid $250 of the account payable created in transaction d. I. Received a(n)$450 bill for utilities expense that will be paid in the near future. j. Received cash on account, $1,300. k. Paid the following cash expenses: (1) rent, $1,100; (2) advertising, $700