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On January 1, Pulse Recording Studio (PRS) had the following account balances Accounts Payable Accounts...

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Accounting

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On January 1, Pulse Recording Studio (PRS) had the following account balances Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Cash Cash Equivalents Common Stock Deferred Revenue Equipment Notes Payable (long-term) Prepaid Rent Retained Earnings Supplies $8,400 6,800 6,500 3,760 1,680 10,700 3,900 29,400 12,200 2,430 2,900 530 1 The following transactions occurred during January

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