ACC Data View Tell me what you want to do... Review Acrobat Formulas File Home Insert Page Layout Ene PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View Al (a) Record these events in general journal form G H E3.17A B D 1 (a) Record these events in general journal form 2 3 4 Montgomery Company 5 General Journal, Year 1 6 7 Event Account Titles 8 9 1 Cash 10 Common Stock Debi Credit 36.000 36,000 + 12 2 13 14 15 3 16 17 18 4 19 20 21 5 22 23 24 6 25 25 27 7 28 29 30 8 31 32 33 34 (b) Post the entries to T-accounts and determine the ending balance in each account 35 36 Cash Accounts Payable Common Stock 37 36,000 36,000 38 39 41 42 43 Accounts Receivable 45 46 47 48 49 Dividends E3-17A E3-22 PB-25 Type here to search 0 Formulas REVIEW Page Layout File Home Insert PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protecte (a) Record these events in general journal form A1 E G H Dividends Service Revenue D B 43 44 45 46 Accounts Receivable 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 (c) Determine the amount of total assets at the end of Year 1 85 86 (d) Determine the amount of net income for Year 1 87 88 89 90 91 Salaries Expense Other Operating Expense E3-17A E3-22A P3-25A Type here to search 6. Paid a $3,000 dividend to the stockholders. sheet? 5. Collected $34,500 of accounts receivable. Exercise 3-17A Recording transactions in the general journal and T-accounts The following events apply to Montgomery Company for Year 1, its first year of operation: 1. Received cash of $36,000 from the issue of common stock. 2. Performed $48,000 of services on account. 3. Incurred $6,500 of other operating expenses on account. 4. Paid $21,000 cash for salaries expense