Requirement 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) har 2: Augusta Services received $68,000 cash and issued common stock to the stockholders. Aar 3: Purchased supplies, $900, and equipment, $12,000, on account. (Prepare a single compound journal entry.) Inimal Fntru har 4: Performed services for a customer and received cash, $5,600. Mar 7: Paid cash to acquire land, $32,000. Mar 7: Paid cash to acquire land, $32,000. Mar 11: Performed services for a customer and billed the customer, $4,700. Augusta expects to Mar 16: Paid for the equipment purchased March 3 on account. Mar 17: Paid for newspaper advertising, $540. Mar 18: Received partial payment from customer on account, $2,600. Mar 22: Received and paid the water and electricity bills, $370. Mar 29: Received $3,000 cash for servicing the heating unit of a customer. Mar 29: Received $3,000 cash for servicing the heating unit of a customer. Mar 31 (a): Paid employee salaries, $2,500. Mar 31 (b): Declared and paid dividends of $2,200. Requirement 2. Post the transactions to the T-accounts, using transaction dates as posting references. Determine the ending balance in each account. Supplies Service Revenue Land Advertising Expense Accounts Payable Utilities Expense