this a. The business received cash of $54,000 and a building with a fair value of $99,000. The corporation issued common stock to the stockholders. nal "Ba C. Paid $45,000 for music equipment. dit a b. Borrowed $59,000 from the bank; signed a note payable. d. Purchased supplies on account, $360. e. f. Paid employees' salaries, $6,200. Received $3,600 for music services performed for customers. g. Performed services for customers on account, $13, 100. h. Paid $250 of the account payable created in transaction d i. J. k. Received a(n) $300 bill for utilities expense that will be paid in the near future. Received cash on account, $1,000. Paid the following cash expenses: (1) rent, $1,300 (2) advertising, $900 Requirement 1. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions. Determine the ending balance in each account. Enter each transaction. Then calculate the ending balance for each account by selecting "Bal" on the appropriate side of the account and entering the account balance. (For transaction (k), enter the credit as one posting.) Cash Common Stock Accounts Receivable Supplies Service Revenue Salary Expense Rent Expense Music Equipment Building Advertising Expense