April 30th T account balances:

May 1: The company generated S35,000 from the sale of its common stock May 4: 59,800 of equipment was purchased with a 5800 cash down payment. The balance should be paid within the next 90 days. May 6: Tommy, on behalf of the company, signed a 5-year note, borrowing $24,750 from the local bank May 7: Tommy's crew completed a fishing boat customization job for the Smiths; a bill for $24.000 was sent to the customer May 9: The company paid its workers May wages of $5,615. May 11: Tommy's Boat & Tackle purchased S15,250 of supplies on account. May 14: One of Tommy's employees completed $15,400 of repairs on fishing gear and received payment immediately May 16: The company paid half of the amount owed on the equipment purchased on May 4. May 22: Tommy's Boat & Tackle paid cash dividends of S10.500 to its shareholders. May 25: The Smiths paid Tommy's one-half of the amount described in the May 7 transaction. May 29: A bill in the amount of S520 for the company's May electric service arrived but was not immediately paid. It was not paid until the following month. May 31: One of Tommy's employees completed $7.500 of repairs on account C. Post the May transactions to the appropriate t-accounts. Balances atter the company closed its accounts on April 30 are indicated in each t-account. DO NOT IGNORE THESE BALANCES. The T-Accounts are in the second tab on the excel spreadsheet. 10:59 O Cycle Problem Template.xlsx Journal Papers T Accounts TBS & Finar account on cash 1.500 700 account payable note payable 300 utilities expense didivends 10:59 .:D Cycle Problem Template.xlsx Journal Papers T Accounts TBs & Finar allowance account receivable 700 note payable co 500 didivends 10:59 Cycle Problem Template.xlsx Journal Papers T Accounts TBS & Finar allowance for doubtful accounts 25 common stock 2.000 supplies expense 10:59 Cycle Problem Template.xlsx Journal Papers T Accounts TBs & Finar supplies 400 25 retained earnings 625 000 11111111 depreciation expense 10:59 O Cycle Problem Template.xlsx Journal Papers T Accounts TBs & Finar ] accu equipment 1.000 J service revenue 5 ] interest expense 10:59 Cycle Problem Template.xlsx Journal Papers T Accounts TBS & Finar equipment 1,000 accumulated depreciation 150 service revenue wage expense interest expense wage payable equipment 1,000 service revenue interest expense