During the first month of operations, Simmons Services, Inc., completed the following transactions: (Click the icon to view the transaction data.) Read the requirements. Requirement 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) Mar 2: Simmons Services received $63,000 cash and issued common stock to the stockholders. Journal Entry Date Accounts Debit Credit Mar More Info Mar 2 Simmons Services received $63,000 cash and issued common stock to the stockholders. Mar 3 Purchased supplies, $500, and equipment, $11,700, on account. Mar 4 Performed services for a customer and received cash, $5,500. Mar 7 Paid cash to acquire land, $35,000. Mar 11 Performed services for a customer and billed the customer, $3,500. Simmons expects to collect within one month. Mar 16 Paid for the equipment purchased March 3 on account. Mar 17 Paid for newspaper advertising, $570. Mar 18 Received partial payment from customer on account, $1,400. Mar 22 Received and paid the water and electricity bills, $400. Mar 29 Received $2,600 cash for servicing the heating unit of a customer. Mar 31 Paid employee salaries, $2,800. Mar 31 Declared and paid dividends of $1,900. Requirements 1. 2. 3. Record each transaction in the journal. Be sure to record the date in each entry. Explanations are not required. Post the transactions to the T-accounts, using transaction dates as posting references. Determine the ending balance in each account. Prepare the trial balance of Simmons Services, Inc., at March 31 of the current year. Matthew Simmons, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether March was profitable (and by how much). 4