The following amounts summarize the financial position of Davis Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial position.) During October 2018, Davis Computing completed these transactions: (Click the icon to view the transactions.) Davis 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 requirements Requirement 1. Journalize the transactions of Davis Computing, Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) a. The company received cash of $4,200 and issued common stock. (a) Journal Entry Accounts Debit Credit Requ a. Th September 30, 2018 financial position Cash Bal 2,200 Assets Accounts +Receivable Supplies + Equipment 3,400 " Stockholders' Equity Liabilities + Accounts Common Retained Payable + Stock + Earnings 11,800 7,900 Print Done 6,000 3,500 - X es.) (Click the icon to view the transactions.) Transactions Transactions Read the requirements. Requirement 1. J y journal entries.) a. The company re a. b. C. The company received cash of $4,200 and issued common stock. Performed services for a customer and received cash of $6,400. Paid $4,100 on accounts payable. d. Purchased supplies on account, $700. 0. Collected cash from a customer on account, $1,600. (a) f. Consulted on the design of a computer system and billed the customer for services rendered, $4,100. g. Recorded the following business expenses for the month: (1) paid office rent- $1,300; (2) paid advertising-$450. h. Declared and paid a cash dividend of $2,900. Print Done Accounting Equation Analysis Assets Liabilities Stockholders' Equity Accounts Cash Receivable Supplies Equipment Ball 2.200 3,400 (a) 4.200 Accounts Common Retained Payable Stock Earnings Type of Equity Transaction 11,000 7.900 6,000 3,500 4,200 (b) 6,400 Issued stock 6,400 Service revenue (c) (4.100) (d) 700 (4,100) 700 (e) 1,600 (1,600) 4,100 (g) (1,750) (2,900) (h) Bal 5,650 5,900 700 11.800 4,500 10,200 4,100 Service revenue (1,300) Rent expense (450) Advertising expense (2.900) Dividends 9,350 Total 24,050 24,050 Print Done - x pal analysis to determine the effects unting equation analysis) (Click the icon to view the transactions.) quirement 1. Journa Requirements Read the requirements Requirements The company receive (a) 1. Journalize the transactions of Davis 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 $2,200). Then, post the October transactions to the T-accounts. 3. Compute the balance in each account. Print Done -X m any journal entries.)