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The following events apply to Montgomery Company for 2016, itsfirst year of operation: 1. Received cash of $42,000 from the issueof common stock. 2. Performed $61,000 of services on account. 3.Incurred $9,100 of other operating expenses on account. 4. Paid$34,000 cash for salaries expense. 5. Collected $41,000 of accountsreceivable. 6. Paid a $4,300 dividend to the stockholders. 7.Performed $10,800 of services for cash. 8. Paid $6,800 of theaccounts payable. Required a. Record the preceding transactions ingeneral journal form. (If no entry is required for atransaction/event, select "No journal entry required" in the firstaccount field.) b. Post the entries to T-accounts and determine theending balance in each account.