LO 3,5 P2-62A. (Learning Objectives 3, 5: Analyze the impact of business transactions on accounts and construct a trial balance) During the first month of operations (January 2018), Samuels Music Services Corporation completed the following selected transactions: a. The business received cash of $41,000 and a building with a fair value of $110,000. The corporation issued common stock to the stockholders. b. Borrowed $61,000 from the bank; signed a note payable. c. Paid $46,000 for music equipment. d. Purchased supplies on account, $340. e. Paid employees' salaries, $6,300. f. Received $3,700 for music services performed for customers. g. Performed services for customers on account, $12,800. h. Paid $200 of the account payable created in transaction d. i. Received an $800 bill for utilities expense that will be paid in the near future. j. Received cash on account, $1,500. k. Paid the following cash expenses: (1) rent, $1,000; (2) advertising, $800. Requirements 1. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions. Determine the ending balance in each account. 2. Prepare the trial balance of Samuels Music Services Corporation at January 31, 2018