Sparkling Clean Dry Cleaners Inc. began operations on January 1, 2020. In its first year, the following transactions occurred: 1. Issued common shares for $ 180,000 cash. 2. Purchased dry cleaning equipment for $83,000 cash. 3. Purchased cleaning supplies, on account, for $9.400. 4. Used $8.400 of the supplies in cleaning operations, 5. Collected $133,000 from customers for dry cleaning services provided. 6. Borrowed $15.000 from the bank on July 1, 2020, at an interest rate of 8% per year. (Use Bank Loan Payable) 7. Paid wages of $ 49,800 to employees. In addition to this $1,000 of wages were owed to employees at the end of the year. 8. Depreciated the equipment by $3,000 for the year. 9. Paid $ 26,000 for utilities (telephone, electricity, and water). 10. On December 31, paid interest on the bank loan described in transaction 6. (a) Prepare journal entries to record each of the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1. Cash 10000 CommonShare 100.000 2. Equipment 31000 83.000 3. Supe 2,400 Accounts Payable 2.400 4. Solis 2409 Su 8.400 5. 133.00 135100 6. Cash 15.000 Bank Loan Payable 15,000 7. Wages Expense 50,800 Cash 49.800 Wages Payable 1.000 8. Depreciation Expense 3,000 Accumulated Depreciation Equipment 3.000 9. 26.000 Utilities Expense 26.000 Cash 600 10. Interest Expense 600 Post the journal entries to the following Taccounts. (Post entries in the order of journal entries presented in the previous question. If beginning balance is zero, enter in the column for the normal balance for that account.) Cash Supplies Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Accounts Payable Bank Loan Payable Wages Payable Common Shares Common Shares Service Revenue Depreciation Expense Interest Expense Interest Expense Supplies Expense Utilities Expense Wages Expense Wages Expense e Textbook and Media Assistance U e Textbook List of Accounts Attempts: 0 of 3 used Submit Answ Save for Later Last saved 10 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. (c) Prepare a December 31, 2020, trial balance. (Do not list those accounts that have zero ending balance.) Cici Clonnare Inc Prepare a December 31, 2020, trial balance. (Do not list those accounts that have zero ending balance.) Sparkling Clean Dry Cleaners Inc. Trial Balance December 31, 2020 Debit Credit $ MacBook Air Totals