ONLY PART D The following events apply to Pearson Service Co for Year its first year of operation:
Received cash of $ from the issue of common stock.
Performed $ worth of services on account.
Paid $ cash for salaries expense.
Purchased supplies for $ on account.
Collected $ of accounts receivable.
Paid $ of the accounts payable.
Paid a $ dividend to the stockholders.
Had $ of supplies on hand at the end of the period.
Required
a Record these events in general journal form.
b Post the entries to Taccounts and determine the ending balance in each account.
c Determine the amount of total assets at the end of Year
d Determine the amount of net income for Year
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Determine the amount of net income for Year
