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P2-63A (similar to) Question Help * During the first month of operations, Thompson Services, Inc.,.completed the following transactions (Cick the ioon to view the transaction data.) Requirements 1. Reoord each transaction in the journal. Be sure to record the date in each entry. Explanations are not required 2. Post the transactions to the T-accounts, using transaction dates as posting references. Label the ending balance of each account Ba. 3. Prepare the tial balance of Thompson Services, Inc., at October 31 of the ourrent year 4 Timothy Thompson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether October was profitable (and by how much). Requirement 1. Reoord each transaction in the jounal. Key each transaction by date. Explanations are not required. (Record debits frst, then credits. Exclude explanations from joumal entries) Oct 2: Thompson Services received $06,000 cash and issued common stock to the stockholders. Journal Entry Date Account?s Debit Credit Oct