LUEEL tructure Ear no entry, if appropriate. LO3 Recording Transactions in T Accounts e E6A. 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 Junc directly in the T accounts; 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 $1 par value common stock. b. Paid $800 for the current month's rent. c. Purchased repair supplies on credit, $1,000. d. Purchased additional repair equipment for cash, $600. e. Paid salary to an employee, $900. f. Paid $400 of amount purchased on credit in c. g. Accepted cash for repairs completed, $3,720. h. Declared and paid a dividend of $600. LO3 Analysis of Transactions (EZA. Bxplain each transaction (a-h) entered in the following T accounts: Cashloreau Accounts Receivable Equipment a. 10,000 b. 3,750 C 2,000 3,750 h.. 375 . 900 2,250 225 f. 1,125 Accounts Payable Common Stock Service Revenue 1,125 1.d. 2,250 a. 10,000 Wages Expense 900 b. 225 Service Revenue 2,000