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Gestion The first nine transactions of North-West Airplane Repair have been posted to the T-accounts. Provide an explanation for each of the nine transactions. (Click

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Gestion The first nine transactions of North-West Airplane Repair have been posted to the T-accounts. Provide an explanation for each of the nine transactions. (Click the icon to view the nine transactions.) ASSETS LIABILITIES + EQUITY Retained Earnings Dividends + Service Revenue 7.000 21,000 Contributed Capital + Common Stock 370.000 (1) Accounts Payable 1.200 1.500 Notes Payable 260,000 (5) (4) - (7) Rent Exp 1,400 (2) (5) (6) (7) (8) (3) Cash 370,000 360,000 260,000 1.200 21,000 1.500 3.900 7.000 Office Supplies 1,500 Building 360,000 0 Salaries Ex 2,500 Property Tax 1.500 (4) 1 (2)

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