During 2022, its first year of operations as a delivery service, Blue Spruce Corp. entered into the following transactions.

1.Issued shares of common stock to investors in exchange for $121,000 in cash.

2.Borrowed $38,000 by issuing bonds.

3.Purchased delivery trucks for $64,000 cash.

4.Received $16,000 from customers for services performed.

5.Purchased supplies for $3,200 on account.

6.Paid rent of $5,300.

7.Performed services on account for $11,700.

8.Paid salaries of $28,900.

9.Paid a dividend of $10,800 to shareholders.

Prepare the t-accounts and trail balance