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 the 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 Cash Accounts Receivable Beg. Bal Beg. Bal End. Bal End. Bal Supplies Accounts Payable Beg. Bal Beg. Bal End. Bal End. Bal Salaries Payable Unearned Revenue Beg. Bal Beg. Bal End. Bal End. Bal 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 EQUIPMENT SERVICES, INC. Trial Balance As of December 31 year 1 Account Titles Debit Credit Totals $ 0 $ 0