The following events apply to Equipment Services Inc. in its first year of operation:1. Acquired $60,000 cash from the issue of common stock.2. Received a $8,200 cash advance for services to be provided in the future.3. Purchased $2,000 of supplies on account.4. Earned $36,000 of service revenue on account.5. Incurred $16,100 of operating expenses on account.6. Collected $28,500 cash from accounts receivable.7. Made a $15,100 payment on accounts payable.8. Paid a $2,000 cash dividend to the stockholders.9. Recognized $1,600 of supplies expense.10. Recorded $3,100 of accrued salaries expense.11. Recognized $3,100 of revenue for services provided to the customer in Event 2.12. Recognized $500 of accrued interest revenue.Requireda. Record the events in T-accounts and determine the ending account balances.b. Test the equality of the debit and credit balances of the T-accounts by preparing a trial balance
