On May 1, B. Carter opened Self-Wash Laundry. His accountant listed the following chart of accounts: The following transactions were completed during May. a. Carter deposited $39,000 in a bank account in the name of the business. b. Bought chairs and tables (Furniture and Fatures), paying cash, \$2,060, Ck. No, 1000 . c. Bought supplies on account from Barnes Supply Company, 1550 , d. Paid the rent for the current month, $980,Ck. No. 1001 . e. Dought wathing machines and dryers (Equlpment) from Lara Equpment Company, $17,000, paying $7,900 in cash and placing the balance on account, CK, No 1. Sold services for cash for the first haif of the month, $2,970. 9. Bought insurance for one year, 51,660 , CK No, 1003. (Assume that cheque was issued on 1st of May)) h. Pald on account to Lara Equipment Company, 12,140,Ck, Na. 1004 . 1. Recelved and pald electric bill, 1270 , Ck, No. 1005 . 1. Sold services for cash for the second half of the month, $2,280. k. Paid wages to an employee, 51,070, Ck. No, 1006 . 1. Carter withdrew cash for his personal use, 51,220, CK. No. 1007. m. Paid on account to Bames Supply Company, $550, Ck, No. 1008. n. Received and paid bill from the county for sidewalk repalr assessment, 5360, Ck. No, 1009. (Misceilaneous 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. Pecord the transactions in the T accounts. Record the amounts in the order given (lecters 'a' through ' m '). 3. Frot the T accounts and show the balances Cash Supplies B. Carter, Capital Prepaid Insurance B. Carter, Drawing Laundry Revenue Rent Expense Utilities Expense Miscellaneous Expense