Geo Inc. had the following account balances on January 1, Year 2: Accounts Payable $ 728 Accounts Receivable 2,300 Cash 2,300 Common Stock 20,000 Equipment 3,100 Note Payable 4,400 Retained Earnings 4,536 Salaries and Wages Expense 4,800 Supplies 1,660Required:Prepare journal entries for each of the following January activities, and post results to the relevant T-accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)A. Paid $728 on account for utilities that were used during December Year 1.B. Purchased $488 of supplies for cash.C. Signed a rental agreement for office space and paid $6,100 in advance for six months of rent beginning February 1, Year 2.D. Purchased $18,000 of new equipment, signing a promissory note.E. Provided $32,500 of services. $16,000 was received in cash and $16,500 was provided on credit.F. Paid workers $7,400 for work done in January.
