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The following events apply to Equipment Services Inc. In its first year of operation: 1. Acquired $60.000 cash from the ssue of common stock. 2
The following events apply to Equipment Services Inc. In its first year of operation: 1. Acquired $60.000 cash from the ssue of common stock. 2 Received an $9.200 cash advance for services to be provided in the future 3. Purchased $2.000 of supples on account 4. Earned $36.000 of service revenue on account Sincurred $16,100 of operating expenses on account. 6. Colected $29.500 cash from accounts receivable. 7. Made a $15,100 payment on accounts payable 18. Palda $2.000 cash dividend to the stockho ders 19. Recognized $1600 of supples expense 10. Recorded $3,100 of accrued solares expense. 11. Recognized $3,100 of revenue for services provided to the customer in Event 2 Required a. Record the events in Taccounts and determine the ending account balances b. Test the equally of the debt and creat balances of the Taccounts by preparing a trial balance Required a. Record the events in T-scounts and determine the ending account balances b. Test the equity of the debt and creat balances of the T o by preparate balance Complete this question by entering your answers in the tabs below. das Record the events in accounts and determine the ending account balances B Bal End, B Uneamed Ravenue Bog B: End. B common tok Pedige Bo Be Operating Expanca Bare Espana End. Bal Required A Required B Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance. EQUIPMENT SERVICES, INC. Trial Balance As of December 31 year 1 Account Titles Debit Credit
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