The following events apply to Equipment Services Inc. in its first year of operation:

1. Acquired $60,000 cash from the issue of common stock.
2. Received an $8,200 cash advance for services to be provided in the future.
3. Purchased $2,000 of supplies on account.
4. Earned $36,000 of service revenue on account.
5. Incurred $16,100 of operating expenses on account.
6. Collected $28,500 cash from accounts receivable.
7. Made a $15,100 payment on accounts payable.
8. Paid a $2,000 cash dividend to stockholders.
9. Recognized $1,600 of supplies expense.
10. Recorded $3,100 of accrued salaries expense.
11. Recognized $3,100 of revenue for services provided to the customer in Event 2.

Required a. Record the events in T-accounts and determine the ending account balances. b. Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance.

Cash					Accounts Receivable
Beg. Bal	0	0			Beg. Bal
1.	60,000	15,100	7.
2.	8,200	2,000	8.
6.	28,500
End. Bal	79,600				End. Bal
Supplies					Accounts Payable
Beg. Bal	0	0			Beg. Bal
3.	2,000	1,600	9.
End. Bal	400				End. Bal
Salaries Payable					Unearned Revenue
Beg. Bal					Beg. Bal
					10.	3,100	8,200	2.
End. Bal					End. Bal		5,100
Common Stock					Retained Earnings
Beg. Bal					Beg. Bal
End. Bal					End. Bal
Dividends					Service Revenue
Beg. Bal					Beg. Bal
End. Bal					End. Bal
Operating Expenses					Salaries Expense
Beg. Bal					Beg. Bal
End. Bal					End. Bal
Supplies Expense
Beg. Bal
End. Bal