Question: please do it as word document or text so i can copy and pase it directly into my pc 1. Record each transaction directly in
1. Record each transaction directly in the T-accounts without using a journal. Use the letters LO 4 5 P2-73B. (Learning Objectives, 4, 5: Recording transactions directly in T-accounts; preparing and using a trial balance) During the first month of operations (March 20X6), Silver Entertainment Corporation completed the following selected transactions: a. The business received cash of 35,000 and a building valued at 55,000. The corporation issued ordinary shares to the shareholders. b. Borrowed 32,300 from the bank; signed a note payable. c. Paid 31.500 for music equipment. d. Purchased supplies on account, 300. e. Paid employees' salaries, 2,100. f. Received 1,800 for music service performed for customers. g. Performed service for customers on account, 2,700. h. Paid 200 of the account payable created in Transaction d. i. Received a 700 bill for advertising expense that will be paid in the near futu j. Received cash on account, 1,500. k. Paid the following cash expenses: (1) rent, 1,000; (2) advertising, 700. Requirements to identify the transactions. 2. Prepare the trial balance of Silver Entertainment Corporation, at March 31, 20%
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