Question 2 [30 points] Record these transactions of the Velor Inc. company by recording the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount in the right-hand cell on the appropriate side of the T-account. Then determine the balance of each account, and write 'Balance' (or 'Bal') next to it, in the left-hand cell on the appropriate side. a. March 1: Hector Mendez (a shareholder), received share capital in Velor Inc., after investing $60,000 cash into the business. b. March 2: Velor Inc. provided $1,750 of consulting services for a customer who will pay within 30 days. c. March 5: Velor Inc. purchased $3,500 of equipment on credit. d. March 8 : Velor Inc. received this month's water utilities bill today and paid it immediately; $100. e. March 11 : Velor Inc. received $600 towards payment for the services provided in transaction (b). f. March 14 : Velor Inc. will pay this month's electrical utilities bill of $300 received today, within 30 days. g. March 16 : Velor Inc. returned to the supplier $500 of equipment discovered to be defective. It was originally purchased on account in transaction (C). h. March 17 : Provided consulting services to a customer and collected $800. i. March 20 : Velor Inc. bought $4,000 of equipment, using $1,000 cash and $3,000 on account. j. March 22 : Velor Inc. paid $300 towards the bill from transaction (f). Cash Accounts Receivable Equipment Accounts Payable Unearned Revenue Share Capital Dividends Consulting Revenue Earned Utilities Expense