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Business, 17.01.2020 07:31 1UNIDENTIFIED1

The following events apply to equipment services inc. in its first year of operation: 1. acquired $60,000 cash from the issue of common stock.2. received a $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.6. collected $28,500 cash from accounts receivable.7. made a $15,100 payment on accounts payable.8. paid a $2,000 cash dividend to the stockholders.9. recognized $1,600 of supplies expense.10. recorded $3,100 of accrued salaries expense.11. recognized $3,100 of revenue for services provided to the customer in event 2.12. recognized $500 of accrued interest revenue. requireda. record the events in t-accounts and determine the ending account balances. b. test the equality of the debit and credit balances of the t-accounts by preparing a trial balance

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The following events apply to equipment services inc. in its first year of operation: 1. acquired $6...
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