The following events apply to Equipment Services Incorporated 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. 5. Collected $28,500 cash from accounts receivable. 7. Made a $15,100 payment on accounts payable. 3. Paid a $2,000 cash dividend to stockholders. 9. Recognized $1,600 of supplies expense. D. Recorded $3,100 of accrued salaries expense. 1. 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. Test the equality of the debit and credit balances of the T-accour EQUIPMENT SERVICES, INCORPORATED Trial Balance As of December 31 year 1 Account Titles Debit Credit Cash $ 79,000 Accounts receivable Supplies 7,500 400 Accounts payable 3,000 Accounts payable 3,100 15,010 > Common stock 60,000 Dividends 2,000 Operating expenses Operating expenses 36,000 Salaries expenses Supplies expense 3,100 1,600 $129,600 $ 81,110 b. Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance. Totals