During the first month of operations (January 2019). Sargum Services Ltd. completed the following selected transactions: a) The business has cash of $10,000 and a building valued at $50,000. The corporation issued common shares to the shareholders. b) Borrowed $50,000 from the bank, and signed a note payable. c) Paid $60,000 for music equipment. d) Purchased supplies on account, $1,000. e) Paid employees' salaries, $1,500. f) Received $800 for service performed for customers. g) Performed service to customers on account, $4,500. h) Paid $100 of the account payable created in transaction (d). i) Received a $600 utility bill that will be paid in the near future. j) Received cash on account, $3,100. k) Paid the following cash expenses: rent, $1,000; advertising, $800