On May 1, B. Bangle opened Self-Wash Laundry. His accountant listed the following chart of accounts: Cash B. Bangle, Drawing Supplies Laundry Revenue Prepaid Insurance Wages Expense Equipment Rent Expense Furniture and Fixtures Accounts Payable B. Bangle, Capital Utilities Expense Miscellaneous Expense The following transactions were completed during May: a. Bangle deposited $35,000 in a bank account in the name of the business. b. Bought chairs and tables (Furniture and Fixtures), paying cash, $1,870, Ck. No. 1000. c. Bought supplies on account from Barnes Supply Company, $225. d. Paid the rent for the current month, $875, Ck. No. 1001. e. Bought washing machines and dryers (Equipment) from Lara Equipment Company, $12,500, paying $3,600 in cash and placing the balance on account, Ck. No. 1002. f. Sold services for cash for the first half of the month, $1,925. g. Bought insurance for one year, $1,560, Ck. No. 1003. h. Paid on account to Lara Equipment Company, $1,800, Ck. No. 1004. i. Received and paid electric bill, $285, Ck. No. 1005. j. Sold services for cash for the second half of the month, $1,835. k. Paid wages to an employee, $940, Ck. No. 1006. I. Bangle withdrew cash for his personal use, $800, Ck. No. 1007. m. Paid on account to Barnes Supply Company, $225, Ck. No. 1008. n. Received and paid bill from the county for sidewalk repair assessment, $280, Ck. No. 1009 (Miscellaneous Expense). Required: 1. Correctly place the plus and minus signs for each T account and label the debit and credit sides of the accounts. 2. Record the transactions in the T accounts. Record the amounts in the order given (letters 'a' through 'n'). 3. Foot the T accounts and show the balances. Bal. Bal. Debit Debit Cash Supplies Credit Credit Accounts Payable Debit Bal. Credit B. Bangle, Capital Debit Bal. Credit Bal. Bal. Bal. Debit Supplies B. Bangle, Capital Credit Debit Prepaid Insurance Debit Debit Equipment Credit Bal. Bal. Credit B. Bangle, Drawing Debit Credit Laundry Revenue Debit Credit Bal. Credit Bal. Furniture and Fixtures Debit Credit Bal. Debit Debit Wages Expense Rent Expense Credit Bal. Utilities Expense Bal. Bal. Debit Credit Miscellaneous Expense Debit Credit Credit