stock t Requirements Debit 1. Record 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. Determine the ending balance in each account Prepare the trial balance of Lafond Services, Inc., at December 31 of the current year 3. account. (Pr 4. Mark Lafond, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether December was profitable (and by how much). Debit Print Done More Info fron Dec 2 Lafond Services received $68,000 cash and issued common stock to the stockholders. De 3 Purchased supplies, $400, and equipment, $11,400, on account. 4 Performed services for a customer and received cash, $5,400. 7 Paid cash to acquire land, $34,000. 11 Performed services for a customer and billed the customer, $3,700. Lafond expects to collect within one month. 16 Paid for the equipment purchased December 3 on account. 17 Paid for newspaper advertising, $570 18 Received partial payment from customer on account, $1,600. 22 Received and paid the water and electricity bills, $400. 29 Received $2,400 cash for servicing the heating unit of a customer 31 Paid employee salaries, $2,000 31 Declared and paid dividends of $1,900. ount. Print Done ,400 Dec Accounts Debit Credit Dec Dec 7: Paid cash to aoquire land, $34,000 Accounts Dec 11: Performed services for a customer and billed the customer, $3,700. Lafond expects to collect within one month Debit Debit Dec Dec 17: Paid for n the input lieids and Dec 18: Recoived partial payment from austomer on account, $1,600 Accounts Debit Dec $400 Dec Debit and paid dividends of $1,900 Accounts Dec Requirement 2. Post the transactions to the T-accounts, using transation dates as posting referanoss. Determine the ending balance in each account n each Dividends Equipment balances and total the debits and credit Revlew the account balanoes prepared in a previous step Lafond Services, Inc. Trial Balance December 3 IIRI Total Requirement 4. Mark Lafond, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether Total resources Amount owed ofs [ The company profitable, as it reported Choose from any list or enter any number in the input fields and then continue to the next