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More info a. The business received cash of 30,000 and a building valued at 60,000. The corporation issued ordinary shares to the shareholders. b. Borrowed
More info a. The business received cash of 30,000 and a building valued at 60,000. The corporation issued ordinary shares to the shareholders. b. Borrowed 35,000 from the bank; signed a note payable. c. Paid 31,300 for music equipment. d. Purchased supplies on account, 600. e. Paid employees' salaries, 1,900. f. Received 1,900 for music services performed for customers. g. Performed service for customers on account, 2,700. h. Paid 100 of the account payable created in Transaction d. i. Received a 700 bill for advertising expense that will be paid in the near future. j. Received cash on account, 1,900. k. Paid the following cash expenses: (1) rent, 1,200;(2) advertising, 700. During the first month of operations (December 20X6), Self Services Corporation completed the following selected transactions: (Click the icon to view the transaction data.) Requirements 1. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions. 2. Prepare the trial balance of Self Services Corporation, at December 31,206. Requirement 2. Prepare the trial balance of Self Services Corporation, at December 31, 20X6. (Leave unused cells blank.)
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