Soaring Eagle entered a contract with the City for services to be provided at a later date. The City paid Soaring Eagle $52,000 for these services to be provided. 1.The administrative assistant ordered supplies and paid for the order in the amount of $1121 using cash. 2.Customer Emily Jane paid Soaring Eagle for a previous invoice (an accounts receivable) in the amount of $1,400 3.In an effort to raise capital, Soaring Eagle issued 9,500 stocks at a stock price of $127.50 per share, for a total issuance of $1,211,250 . 4.Soaring Eagle purchased new equipment for the company in the amount of $855,000 . The invoice for payment has not yet been received. 5. The payroll cycle for Soaring Eagle has closed, resulting in a total payroll to be issued in the amount of $134,700 . Payroll checks will not be issued until the following week. 6.On the first of the month, Soaring Eagle prepaid their business insurance for the year with a cost of $5,500 . 7.Soaring Eagle prepaid rent for the quarter (3 months) for a total cost of $30,000 .8.Soaring Eagle paid for television advertisements on stations regional to the business with a cost of $1,100 which was paid with cash. Due to damage the administrative assistant returned office supplies totaling 105 A cash refund was received. The Chart of Accounts for Soaring Eagle includes the following account names, which should be used by the accountant: Accounts Payable Accounts Receivable Cash Common Stock Equipment Insurance Expense Supplies Supplies Expense Prepaid Insurance Prepaid Rent Unearned Revenue Advertising Expense Rent Expense Revenue Salary Expense Salary Payable Directions: Using the period information provided for Soaring Eagle, prepare T-accounts using the data provided, entitled Overview, regarding the transactions that occurred for Soaring Eagle. Use the account names as listed in the Chart of Account, You will have a total of 10 entries that need to be created.