During the first month ofoperations, SimmonsHeating and AirConditioning, Inc., completed the followingtransactions: LOADING...(Clickthe icon to view the transactiondata.)Requirements

1.	Record each transaction in the journal. Key each transaction by date. Explanations are not required.
2.	Post the transactions to theT-accounts, using transaction dates as posting references.
3.	Prepare the trial balance of SimmonsSimmons Heating and AirConditioning, Inc., at DecemberDecember 31 of the current year.
4.	The manager asks you how much in total resources the business has to workwith, how much itowes, and whether DecemberDecember was profitable(and by howmuch).

Requirement 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. (Record debitsfirst, thencredits.)Begin by recording the entry for DecemberDecember2nd. SimmonsSimmonsreceived $ 42 comma 000$42,000cash and issued common stock to the stockholders.

Journal Entry
Date	Accounts	Debit	Credit