Acct 210 Group Assignment-9.28 1. The following accounts are applicable to Kathy's Nail Salon, a company that provides manicures and pedicures: 1. Cash 5. Accounts Payable 2. Accounts Receivable 6. Services Revenue 7. Wages Expense 8. Rent Expense 3. Supplies 4. Equipment For Kathy's Nail Salon, enter the number corresponding to the proper account for each debit and credit for the following transactions: a. Made a rent payment for the current month. b. Received cash from customers for current services. c. Agreed to accept payment next month from a client for current services. d. Purchased supplies on credit. e. Purchased a new chair and table for cash. f. Made a payment on accounts payable. Recording Transactions in T Accounts Debit 8 Credit E6A. Open the following T accounts: Cash; Repair Supplies; Repair Equipment; Accounts Payable; C. Ferdinand, Capital; Withdrawals; Repair Fees Earned; Salaries Expense; and Rent Expense. Record the following transactions for the month of June directly in the T accounts; use the letters to identify the transactions in your T accounts. Determine the balance in each account. a. Collin Ferdinand opened Ferdinand Repair Service by investing $8,600 in cash and $3,200 in repair equipment. b. Paid $800 for the current month's rent. c. Purchased repair supplies on credit, $1,000. d. Purchased additional repair equipment for cash, $600. e. Paid salary to an employee, $900. f. Paid $400 of amount purchased on credit in c. g. Accepted cash for repairs completed, $3,720. h. Withdrew $1,200 in cash. Then prepare a trial Balance 3. Below is the complete list of accounts of R. Corporation and the related balance at the end of July. All accounts have their normal debit or credit balance. Cash, $4,000; Prepaid Insurance, $7,000; Accounts Payable, $20,000; Common Stock, $40,000; Service Revenue, $30,000; Salaries Expense, $8,000; Accounts Receivable, $4,500; Land, $90,000; Unearned Revenue, $5,000; Retained Earnings, $25,000; Utilities Expense, $6,500. Required: Prepare a trial balance with the list of accounts in the following order: assets, liabilities, stockholders' equity, revenues, and expenses.