- John Binkerson began a computer software company, Binkerson Inc., January 1, 2020 with an investment of $71,000 for which he received Common Stock. The business completed the following transactions and during the month of January: a. The business bought a building for $60,000 b. Borrowed $90,000 from the bank, signed a note payable. c. Purchased office supplies on account for $1,300 d. Paid $88,000 for computer equipment e. Paid employees' salaries totaling $2,200 f. Performed software analysis on account for $1,200 g. Paid $800 of the supplies account payable h. Received a $600 bill for advertising expenses i. Performed services for cash of $1,100 j. Received $1,200 on account from customers k. Paid $1,100 for utilities 1. Declared and paid $500 in dividends Complete the following: (35 Points) 1. Set up T-Accounts as necessary to record the above entries, including the initial investment, and post the transactions listed (a-1) 2. Prepare the trial balance for Binkerson, Inc. at January 31, 2020