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3. please do all letters!! The following events apply to...

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Accounting

3. please do all letters!!
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The following events apply to Montgomery Company for Year 1, its first year of operation: 1. Received cash of $41,000 from the issue of common stock 2. Performed $60,000 of services on account. 3. Incurred $8.900 of other operating expenses on account 4. Paid $33,000 cash for salaries expense. 5. Collected $40,500 of accounts receivable, 6. Paid a $4,200 dividend to the stockholders. 7. Performed $10,700 of services for cash. 8. Paid $6,700 of the accounts payable. Required a. Record the preceding transactions in general journal form, b. Post the entries to T-accounts and determine the ending balance in each account. c. & d. Determine the amount of total assets at the end of Year 1, and the amount of net income for Year 1 Complete this question by entering your answers in the tabs below. Req A ReqB Reg C and D Record the preceding transactions in general journal form. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Journal entry worksheet B D E F G H > Received cash of $41,000 from the issue of common stock. Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general journal

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