Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions. Enter each transaction. Then calculate the ending balance for each account by selecting "Bal" on the appropriate side of the account and entering the account balance. (For transaction (k), enter the credit as one posting.)

a	The business received cash of $44,000 and a building with a fair value of 108,000. The corporation issued common stock to the stockholders.
b.	Borrowed $58,000 from the bank; signed a note payable.
c.	Paid $46,000 for music equipment.
d.	Purchased supplies on account, $290.
e.	Paid employees' salaries, $5,500.
f.	Received $3,790 for music services performed for customers.
g	Performed services for customers on account, $12,500.
h.	Paid $200 of the account payable created in transaction d.
i.	Received a(n) $600 bill for utility expense that will be paid in the near future.
	Received cash on account, $1,000.
	Paid the following cash expenses: (1) rent, $1,400; (2) advertising, $700.

Categories are Cash Common Stock, Account Receivable Service Revenue, Supplies, Salary Expernse, Music Equipment, Rent Expense, Building, Advertising Expense, Accounts Payable, Utilities Expense & Note Payable.

Requirement 2.Prepare the trial balance of Silk Music ServicesSilk Music Services Corporation, at

February 29, 2016. Review the ending balances of the T-accounts prepared in the previous step.

	Silk Music Services Corporation
	Trial Balance
	February 29, 2016

	Account	Debit	Credit