In February, Katie Long formed KL Company Inc. Transactions for the month of March have been posted to theT accounts. An intern has prepared atrial balancefrom the T accounts, but there seem to be some errors.

T accounts

Cash

Bal. 8,0003/3: 2,300

3/25: 7,5753/27: 1,300

3/28: 7,0003/29: 3,575

3/30: 8,1253/31: 1,875

Accounts Receivable

Bal. 1,950

3/18: 10,0253/30: 8,125

Supplies

Bal. 225

3/7: 1,450

Office Equipment

3/2: 19,000

Accounts Payable

3/27: 1,300 Bal.: 1,250

3/7: 1,450

Notes Payable

3/2: 19,000

Common Stock

Bal.: 7,500

3/28: 7,000

Retained Earnings

Bal.: 1,425

Dividends

3/31: 1,875

Fees Earned

3/18: 10,025

3/25: 7,575

Rent Expense

3/3: 2,300

Wages Expense

3/29: 3,575

Required:

Transactions

Descriptions of the transactions for the month of March are provided in the following table. Each of the transactions that follow has been posted to the T accounts. Referring to the T accounts, select the date on which each transaction occurred, enter the amount of the transaction, and select theaccounttodebitandcredit.

Transaction Date Amount Debit Credit

1.) Purchased equipment, giving a note ____ $_____ _____ ____

payable for the purchase price.

2.) Paid rent for April. ____ $_____ _____ ____

3.)Purchased supplies on account. ____ $_____ _____ ____

4.)Recordedfeesearnedonaccount. ____ $_____ _____ ____

5.)Received cash for fees earned. ____ $_____ _____ ____

6.)Paid creditors on account. ____ $_____ _____ ____

7.)KL Company Inc. issued additional

shares of common stock in exchange ____ $_____ _____ ____

for cash.

8.)Paid wages. ____ $_____ _____ ____

9.)Received cash from customers

on account. ____ $_____ _____ ____

10.)KL Company Inc. paid dividends

to its stockholders. ____ $_____ _____ ____