\begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg. Bal Accounts Payable & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Bog. Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bal & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Bog. Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline End. Bol & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beg. Bal & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} 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. c. \& d. Determine the amount of total assets at the end of Year 1, and the amount of net income for Year 1. Journal entry worksheet Received cash of $41,000 from the issue of common stock. Note: Enter debits before credits. etermine the amount of total assets at the end of Year 1, and the amount of net income for Year 1