a. C. e. The business received cash of $60,000 and a building with a fair value of $96,000. The corporation issued common stock to the stockholders. b. Borrowed $65,000 from the bank; signed a note payable. Paid $37,000 for music equipment. d. Purchased supplies on account, $300. Paid employees' salaries, $6,400. f. Received $4,300 for music services performed for customers. g. Performed services for customers on account, $12,900. h. Paid $150 of the account payable created in transaction d. i. Received a(n) $650 bill for utilities expense that will be paid in the near future. j. Received cash on account, $1,200. k. Paid the following cash expenses: (1) rent, $1,200; (2) advertising, $700. During the first month of operations (June 2018), Sahr 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. Enter each transaction. Then calculate the ending balance for each account by selecting "Bal" on the appropriate side of the account and entering the account balance. (For transaction (k), enter the credit as one posting.) Cash Common Stock Accounts Receivable Service Revenue Supplies Salary Expense Music Equipment Rent Expense Building Advertising Expense Accounts Payable Utilities Expense Note Payable Requirement 2. Prepare the trial balance of Sahr Music Services Corporation at June 30, 2018. Review the ending balances of the T-accounts prepared in the previous step. Sahr Music Services Corporation Trial Balance June 30, 2018 Balance Account Debit Credit Total