LO 3 h: Declared and paid a dividend of $600. Analysis of Transactions EZA. Explain each transaction (a-h) entered in the following T accounts: Cash Accounts Receivable Equipment a. 10,000 b. 3,750 C 2 ,000 . 375 b. 3,750 h. 375 900 2,250 225 f. 1,125 Accounts Payable Common Stock Service Revenue 1,125 d. 2,250 a. 10,000 2,000 Wages Expense 900 no entry, if appropriate. LO 3 Recording Transactions in T Accounts EGA. Open the following T accounts: Cash; Repair Supplies; Repair Equipment; Accounts Payable: Common Stock Dividends: Repair Fees Earned; Salaries Expense; and Rent Expense. Record the following transactions for the month of June directly in the Taccounts; use the letters to identify the transactions in your T accounts. Determine the balance in each account. a. Collin Ferdinand opened Ferdinand Repair Service, Inc., by investing $8,600 in cash and $3,200 in repair equipment in return for 11,800 shares of the company's $l par value common stock. b. Paid 5800 for the current month's rent. c. Purchased repair supplies on credit, $1,000. d. Purchased additional repair equipment for cash, $600. c. Paid salary to an employce, $900. f. Paid $400 of amount purchased on credit in c. 8. Accepted cash for repairs completed, $3,720. h: Declared and paid a dividend of $600. Analysis of Transactions EZA. Explain each transaction (a-h) entered in the following T accounts: Cash Accounts Receivable Equipment a. 10,000 b. 3,750 C 2,000 g. 375 b. 375 900 225 f. 1,125 Accounts Payable Common Stock 1,125 .d. Service Revenue 2,250 a. 10,000 C 2,000 Wages Expense 900 e. 900 2000 375 3.750 h