The first seven transactions of Devonshire Advertising, Inc., have been posted to the company's accounts: (Click the icon to view the accounts.) Requirement 1. Prepare the journal entries that served as the sources for the seven transactions. Include an explanation for each entry. Determine the ending balance in each account. As Devonshire moves into the next period, how much cash does the business have? How much does Devonshire owe in total liabilities? Data table Cash (1) 8,800 (4) 11,000 (3) Supplies 600 (5) Land Equipment 60 (4) 37,000 (7) 3,300 (2) 10,500 (6) 220 (5) 60 (7) 3,300 (6) Accounts Payable 220 (3) Notes Payable Common Stock 600 (2) 10,500 (1) 8,800 (4) 26,000 - Determine the ending balance in each account. (Select the "Bal" label and enter each account balance on the correct side of the account.) Cash Supplies Land (1) (5) 8,800 (4) 11,000 (2) 10,500 (6) 220 60 (7) 3,300 (3) 600 (5) 60 (4) 37,000 (6) Accounts Payable 220 (3) 600 Notes Payable (2) Common Stock 10,500 (1) 8,800 (4) 26,000 Equipment (7) 3,300 As Devonshire moves into the next period, how much cash does the business have? The company's cash balance is How much does Devonshire owe in total liabilities? The company owes