During the first month of operations (February 2012), Starr Entertainment Corporation completed the following selected transactions:

a. The business received cash of $19,000 and a building valued at $53,000. The corporation issued common stock to the stockholders.

b. Borrowed $41,100 from the bank; signed a note payable.

c. Paid $37,000 for music equipment.

d. Purchased supplies on account, $300.

e. Paid employees’ salaries, $2,000.

f. Received $1,600 for music service performed for customers.

g. Performed service for customers on account, $2,900.

h. Paid $200 of the account payable created in Transaction d.

i. Received a $900 bill for utilities expense that will be paid in the near future.

j. Received cash on account, $1,100.

k. Paid the following cash expenses:

(1) Rent, $1,000;

(2) Advertising, $800.

Requirements

1. Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions.

2. Prepare the trial balance of Starr Entertainment Corporation at February 29, 2012.