c. e. The business received cash of $45,000 and a building with a fair value of $105,000. The corporation issued common stock to the stockholders. b. Borrowed $62,000 from the bank; signed a note payable. Paid $40,000 for music equipment. d. Purchased supplies on account, $300. Paid employees' salaries, $6,200. f. Received $4,100 for music services performed for customers. g. Performed services for customers on a count, $13,200. h. Paid $150 of the account payable created in transaction d. i. Received a(n) $300 bill for utilities expense that will be paid in the near future. j. Received cash on account, $1,400. Paid the following cash expenses: (1) rent. $1.300: (2) advertising. $200. completed the following selected transactions: During the first month of operations (December 2018). (Click the icon to view the transaction data) Read the requirements each account. 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 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 Cash Common Stock (a) (b) () (d) () (9) (h) Accounts Receivable Service Revenue Supplies Salary Expense Music Equipment Rent Expense Building Advertising Expense Building Advertising Expense Accounts Payable Utilities Expense Note Payable Trial Balance December 31, 2018 Balance Account Debit Credit Account Debit Credit Total Account Debit Credit Accounts payable Accounts receivable Advertising expense Building Cash Common stock Music equipment Note payable Rent expenso Salary expense Service revenue Supplies Utilities expense Total