Create a Trial Balance

1 Transaction data a. b. C. d. e. The business has cash of $7,000 and a building valued at $50,000. The corporation issued common shares to the shareholders in exchange for these investments. Borrowed $47,000 from the bank, and signed a note payable. Paid $55,000 for music equipment. Purchased supplies on account, $1,200. Paid employees' salaries, $1,100. Received $750 for service performed for customers. Performed services to customers ac unt, $4,400. Paid $150 of the account payable created in transaction (d). Received a $300 utility bill that will be paid in the near future. Received cash on account, $3,400. Paid the following cash expenses: rent, $800; advertising, $550. f. g. h. j. k. Print Done