- Requirements 1. Journalize the transactions of Williamson Computing, Inc. Explanations are not required 2. Prepare a T-account for each account. Insert in each T-account its September 30 balance as given (example: Cash $2,250). Then, post the October transactions to the T-accounts. 3. Compute the balance in each account. C Print Done - X Transactions a. C. The company received cash of $3,900 and issued common stock. b. Performed services for a customer and received cash of $6,400. Paid $4,400 on accounts payable. d. Purchased supplies on account, $1,300 e. Collected cash from a customer on account, $1,700, f. Consulted on the design of a computer system and billed the customer for services rendered, $4,200 g. Recorded the following business expenses for the month: (1) paid office rent- $2,000, (2) paid advertising-$750. h. Declared and paid a cash dividend of $3,200 Print Done Accounting equation analysis Assets Llabilities + Accounts Common Stock + Accounts Cash + Receivable + Supplies - Equipment = 2,250 3,650 12,400 3,900 Payable 8,000 Stockholders' Equity Retained Type of Equity + Earnings Transaction 4.400 Issued stock 6,400 Service revenue Bal 5,900 3,900 (b) 6,400 (c) (4.400) (d) (e) 1,700 (4,400) 1,300 1,300 (1.700) 4,200 (9) (2.750) 4,200 Service revenue (2000) Rent expense (750) Advertising expense (3.200) Dividends 9,800 9.050 23,750 (h) (3,200) Bal 3.900 1,300 12,400 4,900 6,150 23,750 Total Print Done - September 30, 2018 financial position Liabilities + Accounts Assets Accounts + Receivable + Supplies + Equipment 3,650 12,400 Stockholders' Equity Common Retained Stock + Earnings 5.900 4,400 Cash + Payable 8,000 Bal 2.250 Print Done Requirement 1. Journalize the transactions of Williamson Computing, Inc (Record debits first, then credits. Exclude explanations from any journal a. The company received cash of $3,900 and issued common stock Journal Entry Accounts Debit Credit b. Performed services for a customer and received cash of $6,400 Journal Entry Accounts Debit Credit (b) b c. Paid $4.400 on accounts payable. Journal Entry Accounts (c) Debit Credit d. Purchased supplies on account, $1,300 Journal Entry Accounts Debit Credit (d) e. Collected cash from a customer on account, $1,700. Journal Entry Accounts Debit Credit le f. Consulted on the design of a computer system and billed the customer for services rendered. $4,200. Journal Entry Accounts Debit Credit (1) g. Recorded the following business expenses for the month: (1) paid office rent-- $2.000 (2) paid advertising5750 Journal Entry Credit (9) Accounts Debit h. Declared and paid a cash dividend of $3,200, Journal Entry Accounts (h) Debit Credit Requirements 2 and 3. Prepare T-Accounts for each account. Insert in each T-account its September 30 balance as given (example: Begin by entering the appropriate beginning balances and posting transactions (a) through (h) Label each balance and transaction with Review the journal entries from Requirement 1 Cash Common Stock Accounts Receivable Retained Earnings Supplies Dividends Equipment Service Revenue Accounts Payable Rent Expense Advertising Expense