The trial balance of Pacilo Security Services, Inc. as of January 1, Year 5, had the following normal balances: $62,860 20,500 Cash Accounts receivable Supplies Prepaid rent Merchandise inventory (9@ $240) Land Accounts payable Salaries payable Common stock 150 2,000 2,160 4,000 980 1, 500 50,800 39,190 Retained earnings During Year 5, Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 4 2. On January 15, purchased 20 standard alarm systems for cash at a cost of $250 each. 3. On February 1, paid the accounts payable of $980, but not within the discount period. (The company uses the gros 4. On March 1, leased a business van. Paid $4,800 for one year's lease in advance. 5. Paid $7,200 on May 1 for one year's rent on the office in advance. 6. Purchased with cash $500 of supplies to be used over the next several months by the business 7. Purchased with cash another 25 alarm systems on August 1 for resale at a cost of $260 each 8. On September 5, purchased on account 30 standard alarm systems at a cost of $265 The trial balance of Pacilo Security Services, Inc. as of January 1, Year 5, had the following normal balances: $62,860 20,500 Cash Accounts receivable Supplies Prepaid rent Merchandise inventory (9@ $240) Land Accounts payable Salaries payable Common stock 150 2,000 2,160 4,000 980 1, 500 50,800 39,190 Retained earnings During Year 5, Pacilio Security Services experienced the following transactions: 1. Paid the salaries payable from Year 4 2. On January 15, purchased 20 standard alarm systems for cash at a cost of $250 each. 3. On February 1, paid the accounts payable of $980, but not within the discount period. (The company uses the gros 4. On March 1, leased a business van. Paid $4,800 for one year's lease in advance. 5. Paid $7,200 on May 1 for one year's rent on the office in advance. 6. Purchased with cash $500 of supplies to be used over the next several months by the business 7. Purchased with cash another 25 alarm systems on August 1 for resale at a cost of $260 each 8. On September 5, purchased on account 30 standard alarm systems at a cost of $265