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The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: Click the icon to view the September 30, 2018 financial position) During October 2018, Smith Computing completed these transactions Click the icon to view the transactions) Smith Computing, Inc. performed a transactional analysis to determine the effects of the transactions on their accounting equation Click the icon to view the completed accounting equation analysis.) Read the girements Requirement 1. Journalize the transactions of Smith Computing, Inc. (Record debits first, then credits Exclude explanations from any oumal entries.) a. The company received cash of 54,300 and issued common stock. Accounting Equation Analysis Journal Entry Accounts Stockholders' Equity Debit Credit (a) Common Stock II 6,100 4.300 Assets Liabilities Accounts Accounts Cash + Receivable + Supplies - Equipment = Payable + 2,250 3,500 11,700 7,800 4,300 (b) 6,200 c) (4,600 (c) (4,600) 1,400 1,400 e 1,200 (1,200) ( 4,300 al (1,700) Retained Type of Equity + Earnings Transaction 3,550 sued stoc 6,200 Service revenue 1. Performed services for a customer and received cash of $5,200. Journal Entry Accounts Debit Credit D (2.700) 4,300 Service revenue (1,300) Rent expense (400) Advertising expense (2,700) Dividends 9,650 24,650 th 4,950 1.400 11,700 4,600 10.400 e. Paid $4,600 on accounts payable 6,600 24,650 Total Journal Entry Accounts Debit Credit Print Done 1 September 30, 2018 financial position d. Purchased supplies on account. $1,400. Journal Entry Accounts Stockholders' Equity Debit Credit Assals = Libes Accounts Accounts + Receivable + Supplies - Equipment = Payable 3.500 11,700 7,800 ( Cash Common Stock 6.100 Retained + Eaming 3.550 Bal 2,250 Choose from any ist or enter any number in the input fields and then continue to the next question Print Done The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018 Click the icon to view the September 30, 2018 financial position) During October 2018, Smith Computing completed these transactions Click the icon to view the transactions) Collected cash from a customer an account, $1.200. Journal Entry Accounts Debit Credit 1. Consulted on the design of a computer system and billed the customer for services rendered, 54,300. Journal Entry Accounts Debit Credit 3. Recorded the following business expenses for the month (1) paid office rent-$1,300 (2) paid advertising S400. Journal Entry Accounts Debit Credit Declared and paid a cash dividend of $2,700. Journal Entry Accounts Debit Credit Choose from any ist or enter any number in the input fields and then continue to the next question. Read guitaris The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: Smith Computing, Inc. performed a transactional analysis to determine the effects of the transactions on their accounting equation. Click the icon to view the September 30, 2018 financial position) Click the icon to view the completed accounting equation analysis.) During October 2018, Smith Computing completed these transactions: Click the icon to view the transactions) Requirements 2 and 3. Prepare T-Account for each account. Insert in each T-accountita September 30 balance as given (example: Cash $2,250). Then, post the October transactions to the T-accounts. Compute the balance in each account. Begin by entering the appropriate beginning balances and posting transactions (a) through h). Label each balance and transaction with the appropriate posting reference. Finally, label and calculate each ending balance. (For account with a zure beginning balance, do not enter a "U" or select the "Bal" reference.) Review the joumal entries from Requirement1 Accounting Equation Analysis Cash Common Stock Assets Liabilities Accounts Common Payable + Stock 7,800 6,100 Stockholders' Equity Type of Equity + Eamings Transaction 3.560 Issued stock 6,200 Serve revenue 4,300 Accounts Cash + Receivable + Supplies - Equipment 2,250 3,500 11,700 4,300 b 6,200 (c) (4.600) 1d 1,400 1,200 (1,200) 4,300 1) (1,700) Accounts Receivable Retained Earnings (4,600) 1,400 1,300 Service revenue (1,300) Rent expense ) (400) Advertising expense ( (2,700) Supplies Dividende th 4,950 6,500 1,400 11,700 4.800 10,400 9.650 Total 24,650 24,650 Print Done Equipment Service Revenue 1 September 30, 2018 financial position Assets Accounts Cash + Receivable + Supplies - Equipment Bal 2,250 3.500 11,700 Accounts Payable 7,800 Stockholders' Equity Common Retained Stock + Eaming 6.100 3.550 Choose from any ist or enter any number in the input fields and then continue to the next question. Accounts Payable Rent Expense Advertising Expense
