Record each transaction directly in the T-accounts without using a journal. Use the letters to identify the transactions. Determine the ending balance in each account.

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.

a. The business received cash of $45,000 and a building with a fair value of $105,000. The corporation issued common stock to the stockholders. b. Borrowed $65,000 from the bank; signed a note payable. c. Paid $38,000 for music equipment. d. Purchased supplies on account, $330. e. Paid employees' salaries, $6,400. f. Received $4,200 for music services performed for customers. g. Performed services for customers on account, $12,500. h. Paid $100 of the account payable created in transaction d. i. Received a(n) $700 bill for utilities expense that will be paid in the near future. j. Received cash on account, $1,100. k. Paid the following cash expenses: (1) rent, $1,000; (2) advertising, $200