Open the following T accounts: Cash; Repair Supplies; Repair Equipment; Accounts Payable; Share LO 4 Recording Transactions in T Accounts

\section*{LO 7 Trial Balance} Capital; Dividends; Repair Fees Earned; Salary Expense; and Rent Expense. Record the following transactions for the month of June directly in the T accounts; use the letters to identify the transactions in your \(\mathrm{T}\) accounts. Determine the balance in each account.

a. Michelle Donato opened Eastmoor Repair Service by investing 4,300 in cash and 1,600 in repair equipment in return for 5,900 shares in the company.

b. Paid 400 for current month's rent.

c. Purchased repair supplies on credit, 500 .

d. Purchased additional repair equipment for cash, 300 .

e. Paid salary to a helper, 450 .

f. Paid 200 of amount purchased on credit in c.

g. Accepted cash for repairs completed, 960.

h. Declared and paid a dividend of 100 .