The following accounting events apply to Mary's Designs for Year 1: Asset Source Transactions

1. Began operations by acquiring $19,000 of cash from the issue of common stock.
2. Performed services and collected cash of $1,000.
3. Collected $4,000 of cash in advance for services to be provided over the next 12 months.
4. Provided $10,200 of services on account.
5. Purchased supplies of $380 on account.

Asset Exchange Transactions

1. Purchased $3,000 of land for cash.
2. Collected $7,800 of cash from accounts receivable.
3. Purchased $470 of supplies with cash.
4. Paid $3,200 for one year's rent in advance.

Asset Use Transactions

1. Paid $2,600 cash for salaries of employees.
2. Paid a cash dividend of $2,000 to the stockholders.
3. Paid off $380 of the accounts payable with cash.

Claims Exchange Transactions

1. Placed an advertisement in the local newspaper for $150 on account.
2. Incurred utility expense of $115 on account.

Adjusting Entries

1. Recognized $3,000 of revenue for performing services. The collection of cash for these services occurred in a prior transaction. (See Event 3.)
2. Recorded $1,170 of accrued salary expense at the end of Year 1.
3. Recorded supplies expense. Had $145 of supplies on hand at the end of the accounting period.
4. Recognized three months of expense for prepaid rent that had been used up during the accounting period.

Required a.Record each of the preceding events in T-accounts.