Task Team of FUNdaMENTAL aCCOUNtIng School of Business. Sun Yat-sen University 2. Review the following information of a company, then accomplish the required assignments Date Description Credit March 2 Cash 3.000.00 Paid-in Cap 3.000.00 Issued 100 shares of $30 par value 31 Salary Expense Salary payable 500.00 Accrued wages owed to employees April 1 Supplies 900.00 Cash 900.00 Paid cash for supplies Classify each account and indicate its normal balanc Show how these transactions would be posted to the Cash account using a T-account format. Assume the Cash account had a $10.000 balance on march What balance would appear in the Cash account following these transactions? 3. Tony Smith Company experienced the following events during the month of June of the current Required 1)Record each event into the journal provided If the event is NOT a completed transaction write"No Entry Needed 2)Determine the balance of cash as of June 30.(Hint: You will need to set up a ledger(a T-account) for cash.) a. Earned $10, 000 by providing services to customers in exchange for cash b. Used cash to prepay 12 months of office rent, $5,000 C. Borrowed $60.000 from Great Western Bank. d. Earned $20,000 by providing services to customers on credit e. Wages and salaries earned by employees but unpaid amounts to $8,000 f. two months of the office rent has been used up $1, 400 g. The owner invested $39,000 of his own moneyTask Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University 2. Review the following information of a company, then accomplish the required assignments. Date Description Debit Credit March 2 Cash 3,000.00 Paid-in Capital 3,000.00 Issued 100 shares of $30 par value 31 Salary Expense 500.00 Salary payable 500.00 Accrued wages owed to employees April 1 Supplies 900.00 Cash 900.00 Paid cash for supplies Required: a. Classify each account and indicate its normal balance. b. Show how these transactions would be posted to the Cash account using a T-account format. Assume the Cash account had a $10,000 balance on March 1 st . c. What balance would appear in the Cash account following these transactions? 3. Tony Smith Company experienced the following events during the month of June of the current year. Required: 1) Record each event into the journal provided. If the event is NOT a completed transaction write “No Entry Needed”. 2) Determine the balance of cash as of June 30. (Hint: You will need to set up a ledger (a T-account) for cash.) a. Earned $10,000 by providing services to customers in exchange for cash. b. Used cash to prepay 12 months of office rent, $5,000. c. Borrowed $60,000 from Great Western Bank. d. Earned $20,000 by providing services to customers on credit. e. Wages and salaries earned by employees but unpaid amounts to $8,000. f. Two months of the office rent has been used up, $1,400. g. The owner invested $39,000 of his own money