9. Kate Browne has just rented space in a shopping mall. In this space, she will open a hair salon to be called "Hair It Is." A friend has advised Kate to set up a double-entry set of accounting records in which to record all of her business transactions. Identify the balance sheet accounts that Kate will likely need to record the transactions needed to open her business. Indicate whether the normal balance of each account is a debit or a credit. 10. On July 1, Butler Company purchases a delivery truck costing $14,000. It pays $8,000 cash now and agrees to pay the remaining S6,000 on account. 11. On September 1, Ray Neal invested S15,000 cash in the business, and Softbyte purchased computer equipment for $7,000 cash 12. Kate Browne engaged in the following activities in establishing her salon, Hair It Opened a bank account in the name of Hair It Is and deposited $20,000 of her own Purchased equipment on account (to be paid in 30 days) for a total cost of $4,800. Is: money in this account as her initial investment. Interviewed three persons for the position of hair stylist. Prepare the entries to record the transactions. 13. Kate Brown recorded the following transactions in a general journal during the month of March. Post these entries to the Cash account. Mar. 4 Cash 2,280 Service Revenue 2,280 Mar. 15 Salaries and Wages Expense 400 Cash 400 Mar. 19 Utilities Expense 92 Cash 92 14. The following accounts come from the ledger of SnowGo Company at December 31, 2017 $88,000 301 Owners Capital 157 Equipment 06 Owner's Drawings 201 Accounts Payable 726 Salaries and Wages $20,000 8,000 212 Salaries and Wages 22,000 42,000 95,000 Payable 2,000 19,000 3,000 6,000 7,000 200 Notes Pavable 732 Utilities Expense Expense 112 Accounts Receivable 400 Service Revenue ,000 130 Prepaid Insurance 101 Cash Prepare a trial balance in good form