c) For the transactions listed below, record the accounting entries in the T-accounts. TRANSACTIONS 1. Received $200 cash from a customer for painting a sign. 2. Paid $500 to Consumers Supply 3. Received $402 cash from N. Ostrowski. 4. Sold an extra office desk included in the Office Furniture figure at $450) to G. Brand at a price of $250. Brand paid $100 cash and owed the balance. 5. Reduced the bank loan by S1000. 6. Paid $50 interest on the loan to M. Hoysted. (Note: This payment is an interest charge. It does not reduce the amount owed to M. Hoysted.) 7. Paid the balance owing to Consumers Supply: 8. Bought on credit a new office chair for $225 from Nu-Style Furniture. The bill is due in 30 days. d) Calculate the account balances and balance the ledger by taking off a trial balance dated December 31, 2014. Use the template below: ACCOUNTS Page 8 of 26 Bracebrid Fieldstrer Nathalie 1 Part II - Practical Accounting Components Write full solutions to the following problems Her m es HoySted Designs, no SEZIONE 1) A. Hovsted is sian painter and true following assets and liabilities: oysted is sign painter and truck lettere Assets 209820 Bank $ 2216 357 402 Liabilities Bank Loan A/P - Consumers' Supply AJP Nu-Style Furniture Loan Payable, M. Haysted 5 6 500 1 375 2951 11 980 A/R - G. Anderson A/R-N. Ostrowski Office Supplies Painting Supplies Office Furniture Automobile .. 5090 20 000 a) Set up A. Hoysted's financial position in the T-accounts provided below: Bank AIR G. Anderson. ARG. Brand SE for SE crnr "RUSTA USTAN base co cb 30 A/ RN. Ostrowski Orice Supplies Painting Supplies helf 18 15x24 * 2x14 Office Furniture Bank Loan LOA Payable AP_Consumers' Supply A. Hoysted, Capital e: 1/2