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please l want help in solving this task ? P 3-2 Journal Entries and Trial Balance As of January 1, 2017, Gammon Corporation had the

please l want help in solving this task ?
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P 3-2 Journal Entries and Trial Balance As of January 1, 2017, Gammon Corporation had the following balances in its general ledger; LO 2 LO (3 Debits Credits $ 63,000 147,000 416,000 Cash Accounts Receivable Office Building Accounts Payable Mortgage Payable Notes Payable Capital Stock Retained Earnings Totals $ 33,000 276,000 137.000 115,000 65,000 $626,000 $626,000 a. c. c. Gammon had the following transactions during 2017. All expenses were paid in cash, unless otherwise stated Collected $42,000 of receivables. b. Accounts Payable as of January 1, 2017, were paid off Paid utilities of $12,600 d. Provided services for $370,000, 90% for cash and 10% for credit. Paid $50,000 mortgage payment, of which $30,000 represents interest expense. f. Paid salaries expense of $120,000. & Paid installment of $10,000 on note. Required: 1. Prepare journal entries to record cach listed transaction. Omit explanations.) 2. Set up T-accounts with the proper account balances at January 1, 2017, post the journal entries to the accounts, and prepare a trial balance for Gammon Corporation at December 31, 2017 3. Interpretive Question: If the debit and credit columns of the trial balance are in balance, does this mean that no errors have been made in journalizing the transactions? Explain

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