Callaho Inc. began operations on February 1, 2023, and showed the following account balances at February 28.

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Callaho Inc. began operations on February 1, 2023, and showed the following account balances at February 28. Cash: $45,000; Accounts Receivable: $4,900; Equipment: $1,100; Accounts Payable: $11,800; Unearned Revenue: $7,300; Share Capital: $36,500; Dividends: $3,500; Consulting Revenue Earned: $300; Advertising Expense: $1,400. The following transactions occurred during March. March 2 : John Jarell (a shareholder), received share capital in Callaho Inc., after investing $75,000 cash into the business. March

March 2 : John Jarell (a shareholder), received share capital in Callaho Inc., after investing $75,000 cash into the business.

March 3 : Callaho Inc. provided $500 of consulting services for a customer who will pay within 30 days.

March 4 : The $500 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days.

March 7 : Callaho Inc. bought $3,250 of equipment, using $750 cash and $2,500 on account.

March 9 : Collected $500 regarding a credit customer's account.

March 11 : Callaho Inc. used credit to purchase $4,500 of equipment.

March 14 : Provided consulting services to a customer and collected $600.

March 15 : Callaho Inc. returned to the supplier $2,500 of equipment discovered to be defective. It was originally purchased on account in transaction (d).

March 18 : Callaho Inc. paid $1,000 for equipment purchased today.

March 20 : Callaho Inc. paid $800 towards the bill from transaction (f).

Enter each account balance as of February 28 in the appropriate T-account, and then record the transactions by entering the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount in the right-hand cell of the appropriate side of the T-account. Then determine the balance of each account, and write 'Balance' (or 'Bal') next to it, in the left-hand cell on the appropriate side.