Mary's Mowing Journal Entries: 6. Indicate the 'normal balance' for each of the following financial statement accounts: + Account Accounts Receivable Revenue Accumulated Depreciation Accounts Payable Supplies Expense Utilities Expense Unearned Revenue Retained Earnings Capital Stock Normal Balance 7. Mary's Mowing started business on January 1, 2022 and provides lawn mowing services to customers throughout Laie. During the month of January, the company had the following transactions. Prepare the journal entries for each transaction as well as any necessary end of month adjusting entries to update the balances for the end of month reporting. Also, use T-Accounts to summarize the impact of the transaction on the account balances. Finally, prepare a trial balance as of January 31, 2022. a. The owner of Mary's Mowing contributed $5,000 cash to the business in exchange for stock in the business. b. The company had $7,500 in revenue from services it provided to customers. It has collected $5,000 so far and expects to collect the remaining balance in the future. c. The company pays employees on the first day of each month for work done the prior month. During the month of January, employees have earned $4,500. d. The company purchased $600 worth of supplies (gasoline, oil and filters, trimmer cord, etc.) during the month of January. It has $100 worth of supplies remaining at the end of January. e. The company purchased a 9-month insurance policy on January 1, 2022 for $450 cash. f. The company incurred $300 in utility costs for the month of January. It has received bills for these utilities used, but have not paid any of them yet. g. The company paid $375 in rent on January 1st for a storage unit where it stores a trailer and mowing equipment. The amount paid covers three month's rent (January through March). h. The company purchased equipment for $1,800 cash. The equipment is expected to last 3 years and have no residual value. The company uses the straight-line depreciation method