During the first month of operations (September 2021), Holt Music Services Corporation completed the following selected transactions: (Click the icon to view the transaction data.) Read the requirements. Requirement 1. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the Enter each transaction. Then calculate the ending balance for each account by selecting "Bal" on the appropriate side of a. The business received cash of $58,000 and a building with a fair value of $98,000. The corporation issued common stock to the stockholders. b. Borrowed $63,000 from the bank; signed a note payable. c. Paid $44,000 for music equipment. d. Purchased supplies on account, $320. e. Paid employees' salaries, $6,700. f. Received $4,000 for music services performed for customers. g. Performed services for customers on account, $13,600. h. Paid $150 of the account payable created in transaction d. i. Received a(n) $650 bill for utilities expense that will be paid in the near future. j. Received cash on account, $1,900. k. Paid the following cash expenses: (1) rent, $800; (2) advertising, $300. Rent Expense Advertising Expense Accounts Payable Utilities Expense Note Payable