Kate's Kite Company (a corporation) sells and repairs kites from manufacturers around the world. Its stores are located in rented space in malls and shopping centers. During its first month of operations ended April 30, 2014, Kate's Kite Company completed eight transactions with the dollar effects indicated in the following schedule 2 0 DOLLAR EFFECT OF EACH OF THE EIGHT TRANSACTIONS Ending Balance (h) Accounts Cash Accounts Receivable Inventory Prepaid Expenses Store Fixtures Accounts Payable Unearned Revenue Common Stock ($1 par value) Additional Paid-in Capital Sales Revenue Cost of Sales Wages Expense Rent Expense Utilities Expense $63,500 $(13,100) $ (6,000) $ 8,880 4,020 4,100 (6,410) $ (1,210) $ (2,200) $ 3,840 2 0 1,650 13,100 18,100 $1,380 2,380 5 9,525 53,975 8 1,460 12,900 6,410 0 1,210 550 1,380