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Carla Vista Dry cleaners inc. began operations on Jan 1,2024, In the first year, the follow transactions occured:

(B)

C.

Post the journal entries to the following T accounts. (Post entries in the order of journal entries presented in the previous question. If beginning balance is zero, enter 0 in the column for the normal balance for that account.) No. Account Titles and Explanation Debit Credit 1. Cash 132,000 Common Shares 2. Equipment 66,000 Cash 3. Supplies Accounts Payable 9,456 4. Supplies Expense 8,400 8. Depreciation Expense 2,640 Accumulated Depreciation - Equipment 2,640 9. Utilities Expense 19,360 Cash 10. Interest Expense Cash Supplies 5. Cash 109,120 8,400 Service Revenue 6. Cash 15,000 Bank Loan Payable \begin{tabular}{|r|} \hline 15,00 \\ \hline \end{tabular} 7. Wages Expense \begin{tabular}{|r|} \hline 43,000 \\ \hline \end{tabular} Cash 42,000 Wages Payable 1,000 Accumulated Depreciation, Equipment Prepare a December 31, 2024, trial balance. (Do not list those accounts that have zero ending balance.) sudX sjddns Carla Vista Clean Dry Cleaners Inc. began operations on January 1, 2024. In its first year, the following transactions occurred: 1. Issued common shares for $132,000 cash. 2. Purchased dry cleaning equipment for $66,000 cash. 3. Purchased cleaning supplies, on account, for $9,456. 4. Used $8,400 of the supplies in cleaning operations. 5. Collected $109,120 from customers for dry cleaning services provided. 6. Borrowed $15,000 from the bank on July 1,2024 , at an interest rate of 8% per year. (Use Bank Loan Payable) 7. Paid wages of $43,000 to employees. In addition to this, $1,000 of wages were owed to employees at the end of the year. 8. Depreciated the equipment by $2,640 for the year. 9. Paid $19,360 for utilities (telephone, electricity, and water). 10. On December 31, paid interest on the bank loan described in transaction 6

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