Set up the necessary T accounts and enter beginning balances from trial balance

The general ledger of, Diva Dogs Boarding Inc., a boarding facility for pets, at January1 2018, includes the following account balances: Credit Debits $15,000 8,000 4,000 15,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Deferred Revenue (also called Unearned Revenue) Common Stock Retained Earnings (remember, this is a beginning balance as of 1/1/17...you'll need to calculate ending RE for your balance $5,000 3,500 4,000 20,000 9,500 sheet) Totals $42,000 $42,000 The following is a summary of the transactions during the 2018 year: 1. January 11-Paid $5,000 for salaries. Of that, $4,000 was for salaries payable the prior year and the rest was for salaries in the current year. (Hint, you will have 3 accounts on this journal entry.) March 9-Provide services for customers for $15,000. Of that, $2,000 was on account and the rest was in cash. (Hint, you will have 3 accounts on this journal entry.) May 6-Collect on accounts receivable, $8,000. July 30-Issue shares of common stock in exchange for $15,000 cash. August 25-Pay for repairs and maintenance expenses, 3,000. November 24 - Receive a deposit in advance from customers, $1,000, for a boarding at a future date. December 30-Pay $400 cash dividends to stockholders. December 31, Purchase equipment for $8,000 cash. 2. 3. 4. 5. 6. 7. 8