September 30, 2018 financial position Transactions Assets a. The company received cash of $4,100 and issued common stock b. Performed services for a customer and received cash of $6,500 c. Paid $4,500 on accounts payable d. Purchased supplies on account, $600 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 Accounts Accounts Common Retained Cash ReceivableSupplies EquipmentPayble StockEarnings Bal 2,200 3,400 11,700 7,700 6,000 3,600 rendered, $4,000 Recorded the following business expenses for the month: (1) paid office rent- $2,000, (2) paid advertising-$550 Declared and paid a cash dividend of $2.400 g. h. Accounting Equation Analysis Assets Liabilities Stockholders' Equity Accounts Accounts Common Retained Type of Equity CashReceivableSupplies EquipmentPayable StockEarnings Transaction Ba 2,200 (a) 4,100 (b) 6,500 (c) (4,500) 7,700 6,000 4,100 3,400 11,700 3,600 Issued stock 6,500 Service revenue (4,500) 600 600 (1,700) 4,000 (e) 1,700 4,000 Service revenue (g) (2,550) (2,000) Rent expense Advertising (550) expense (2.,400) Dividends Bal 5,050 5,700 11.700 3,800 10,100 9,150 Total 23,050 23,050 Requirement 1. Journalize the transactions of Smith Computing, Inc. (Record debits first, then credits. e. Collected cash from a customer on account, $1,700 a. The company received cash of $4,100 and issued common stock. Journal Entry Credit Journal Entry Accounts Credit f. Consulted on the design of a computer system and billed the customer for services rendered, $4,000. b. Performed services for a customer and received cash of $6,500 Journal Entry Accounts Credit Journal Entry Accounts Debit Credit g. Recorded the following business expenses for the month: (1) paid office rent $2,000, (2) paid advertising-$550 C. Paid $4,500 on accounts payable. Journal Entry Accounts Debit Credit Journal Entry Accounts Debit Credit h. Declared and paid a cash dividend of $2,400. d. Purchased supplies on account, $600 Journal Entry Accounts Debit Credit Journal Entry Accounts Debit Credit Cash Common Stock Accounts Receivable Retained Eanings Advertising Expense Dividends Equipment Service Revenue Accounts Payable Rent Expense