Recording transactions directly in T accounts; trial balance On July 20, Mollie Rose began a new business called MR Printing, which provides typing duplicating, and printing services. The following five transactions were completed by the business during July. a) Issued to Rose 1,000 shares of capital stock in exchange for her invest $200,000 cash. b) Purchased office equipment for $30,000 from Quality Interiors, Inc. Paid $17,000 cash and agreed to pay the balance within 60 days. c) Purchased a motorcycle on credit for $3,400 to be used for making deliveries to customers. Mollie agreed to make payment to Spokes, Inc. within 10 days. d) Paid in full he account payable to Spokes, Inc. e) Borrowed $30,000 from a bank and signed a note payable due in six months. ment of Instructions 1. Record the above transactions dir account with the letter shown for the transaction. (1 pt. per transaction) 2. Record the Journal Entries for the transactions above (1 pt. per JE) ectly in the T accounts below. Identify each entry in a T Cash Office Equipment Notes Payable Land Delivery Equipment Accounts Payable Buildings Capital Stock