A company provides services to customers on account for $2,400. Indicate the amount of increases and decreases in the accounting equation.

51. Below are the transactions for Cleaning Racer, Inc. for April, the first month of operations. April 1 April 2 April 7 April 10 April 12 April 16 April 19 April 23 April 29 April 30 April 30 Borrow$50,000 from the bank by signing a note. s sue common stock in exchange for cash of $20,000. Purchase equipment for $40,000 cash. Purchase cleaning supplies of $4,000 on account. Provide services of $5,000 for cash. Pay employees $1,200 for work performed Pay for advertising in a local newspaper, costing $500. Provide services of $7,000 on account. Pay employees $1,500 for work performed. A utility bill of $1,200 for the current month is paid. Pay dividends of $700 to stockholders. Required: 1. Record each transaction. 2. Post each transaction to the appropriate T-accounts 3. Calculate the balance of each account. 4. Prepare a trial balance for June. Racer uses the following accounts: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Notes Payable, Common Stock, Dividends, Service Revenue, Salaries Expense, Advertising Expense, and Utilities Expense