During the first month of operations (May 2020), Self Services Ltd. completed the following selected transactions. (Click the icon to view the transaction data.) Requirement Prepare the trial balance of Self Services Ltd. at May 31, 2020. 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