i More Info ansa ns. Determ a. Icula edit nt and enter C. e. The business received cash of $56,000 and a building with a fair value of $98,000. The corporation issued common stock to the stockholders. b. Borrowed $59,000 from the bank; signed a note payable. Paid $37,000 for music equipment. d. Purchased supplies on account, $300. Paid employees' salaries, $5,700. Received $3,800 for music services performed for customers. Performed services for customers on account. $12,500. h. Paid $140 of the account payable created in transaction d. I. Received a(n) $500 bill for utilities expense that will be paid in the near future. Received cash on account, $1,900. k. Paid the following cash expenses: (1) rent, $1,100; (2) advertising, $400. f. 9. J. able Print Done ring the first month of operations (December 2018), Holt Music Services Corporation completed the following selected transactions: Click the icon to view the transaction data.) ead the requirements. Requirement 1. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions. Determine the ending balanc each account Enter each transaction. Then calculate the ending balance for each account by selecting "Bal" on the appropriate side of the account and entering the account balar (For transaction (), enter the credit as one posting.) Cash Common Stock Accounts Receivable Service Revenue Accounts Receivable Service Revenue Supplies Salary Expense Music Equipment Rent Expenso Music Equipment Building Advertising Expense Accounts Payable Utilities Expense Nnte Pavable Accounts Payable Utilities Expense Note Payable Requirement 2. Prepare the trial balance of Holt Music Services Corporation at December 31, 2018. Review the ending balances of the T-accounts prepared in the previous step. Holt Music Services Corporation Trial Balance December 31, 2018 Balance Account Debit Credit Total