how to solve the next question? for the T-account

P2-61A. (Learning Objectives 4,5: Journalize and post transactions; prepare a trial bal- ance) During the first month of operations, Cloutier Services, Inc., completed the following transactions: Aug 2 Cloutier Services received $69,000 cash and issued common stock to the stockholders. 3 Purchased supplies, $500, and equipment, $11,800, on account. 4 Performed services for a customer and received cash, $5,600. 7 Paid cash to acquire land, $33,000 11 Performed services for a customer and billed the customer, $3,300 Cloutier expects to Paid for the equipment purchased August 3 on account. Paid for newspaper advertising, $560 Received partial payment from customer on account, $1,200 Received and paid the water and electricity bills, $390. Received $3,000 cash for servicing the heating unit of a customer. Paid employee salaries, $2,500 Declared and paid dividends of $2,000. collect within one month 16 17 18 22 29 31 31 Requirements 1. Record each transaction in the journal. Be sure to record the date in each entry. Explana tions are not required. 2. Post the transactions to the T-accounts, using transaction dates as posting references. Determine the ending balance in each account. 3. Prepare the trial balance of Cloutier Services, Inc., at August 31 of the current year. 4. Michael Cloutier, the manager, asks you how much in total resources the business has to work with how much it owes, and whether August was profitable (and by how much). art in Aug 2 o00 /200 A/R inleye ih Assets 8 oop 2000