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Submit your answers in CANVAS before it is due Use the following to answer questions 15 Determine if the normal balance is a Debit (D) or a Credit (C). Input only the first letter of the answer (D or C ). Use the following to answer questions 68 Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A. increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Provided services to a customer on account. (Revenue increases causing Stockholders" Equity to increase, Assets increase, and no effect on Liabilities). 6. Pay rent for the current month. 7. Collect cash from customers on account. 8. Issued common stock in exchange for cash. 9. At the beginning of January, the balance in the Retained Earnings account is $475,000 for T\&J Comporation. During the month of January, T\&J had the following external transactions. S Determine ending Retained Earnings for January 31st. Use the following to answer questions 1013 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit: N (Supplies) Credit: C (Cash)...see below. Only include the letter of the account not the account name. 9. At the beginning of January, the balance in the Retained Earnings account is $475,000 for T\&J Corporation. During the month of January, T\&J had the following external transactions. 5 Determine ending Retained Earnings for January 31 st. Use the following to answer questions 10 - 13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash)...see below. Only include the letter of the account not the account name. Use the following to answer questions 14-20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Following are some (not all) of the accounts for the company with balances at the beginning of the day: Use the following to answer questions 1420 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Following are some (not all) of the accounts for the company with balances at the beginning of the day; 14. \& What is the Cash account balance at the end of the day? 15. \$ What is the Accounts Receivable account balance at the end of the day? 16. \$ What is the Office supplies account balance at the end of the day? 17. $ What is the Accounts payable account balance at the end of the day? 18. What is the Deferred revenue account balance at the end of the day? 19. $ What is the Service revenue account balance at the end of the day? 20. \$ What is the Advertising expense account balance at the end of the day? Tee the followine to answer auections 2127 February 1at transaction is completed as an example: Only include the letter of the account not the account name. account balance at the end of the day? Tea the followina to ancwar nabetions 3197 February 1st transaction is completed as an example: Only include the letter of the account not the account name. II Ride 34 rite 31 Fid zi 2s fot 27. 5 If January 31 st cash was $15,000, what is the cash balance at the end of the day on 2/28 ? (Make sure to include the Feb 1 example). Use the following to answer questions 2835 J\&T Comporation has provided their trial balance at the end of January. (Make sure to include the Feb 1 example). Use the following to answer questions 2835 J\&T Corporation has provided their trial balance at the end of January. Based on the data provided in the trial balance find the following: 28. $ Determine Total expenses. 29. 5 Determine Net income 30. 5 Determine Beginning Retained Earnings 31. $ Determine Ending Retained Earnings 32. $ Determine Total Stockholders' Equity 33. $ Determine Total Liabilities 34. $ Determine Total Assets 35. $ At the beginning of January, the company had $600,000 in its common stock account. How much stock was issued during January