Castle Consulting Agency began business in February. The transactions entered into by Castle during its first month of operations are as follows:

Transactions:
a.		Acquired articles of incorporation from the state and issued 10,000 shares of capital stock in exchange for $150,000 in cash.
b.		Paid monthly rent of $400.
c.		Signed a five-year promissory note for $100,000 at the bank.
d.		Purchased software to be used on future jobs. The software costs $950 and is expected to be used on five to eight jobs over the next two years.
e.		Billed customers $12,500 for work performed during the month.
f.		Paid office personnel $3,000 for the month of February.
g.		Received a utility bill of $100. The total amount is due in 30 days.

	Required:
1.	Record each transaction directly in T accounts using the letters preceding the transactions to identify them in the accounts. Each account involved in the problem needs a separate T account.
2.	Prepare a trial balance at February 28.