Financial Transactions and Record-keeping in the First Year of

The following events apply to Equipment Services Incorporated in its first year of operation: 1. Acquired $60,000 cash from the issue of common stock. . Received an $8,200 cash advance for services to be provided in the future. . Purchased $2,000 of supplies on account. . Earned $36,000 of service revenue on account. Incurred $16,100 of operating expenses on account. . Collected $28,500 cash from accounts receivable. Made a $15,100 payment on accounts payable. Paid a $2,000 cash dividend to the stockholders. Recognized $1,600 of supplies expense. Recorded $3,100 of accrued salaries expense. . Recognized $3,100 of revenue for services provided to the customer in Event 2. ad apwmsmthw Required a. Record the events in T-accounts. Please note: You do not need to do part b.