Exercise 13-17A (Algo) Recording transactions in the general journal and T-accounts LO 13-1, 13-2 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 58,900 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 and determine the ending balance in each account. c. 8d. Determine the amount of total assets at the end of Year 1 , and the amount of net income for Year 1 . Complete this question by entering your answers in the tabs below. Post the entries to T-accounts and determine the ending balance in each account