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 requirements. Requirement 1. Journalize the transactions of Smith Computing, Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) a. The company received cash of $3,600 and issued common stock. Journal Entry Accounts Debit Credit (a) b. Performed services for a customer and received cash of $6,200. Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 requirements. b. Performed services for a customer and received cash of $6,200. Journal Entry Accounts Debit Credit (b) c. Paid $4,200 on accounts payable. Journal Entry Accounts Debit Credit (C) Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 requirements. d. Purchased supplies on account, $1,300. Journal Entry Accounts Debit Credit (d) e. Collected cash from a customer on account, $1,500. Journal Entry Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 requirements. f. Consulted on the design of a computer system and billed the customer for services rendered, $3,900. Journal Entry Accounts Debit Credit (f) g. Recorded the following business expenses for the month: (1) paid office rent-$1,100; (2) paid advertising$700. Journal Entry Accounts Debit Credit (g) Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 requirements. h. Declared and paid a cash dividend of $3,200. Journal Entry Accounts Debit Credit (h) Requirements 2 and 3. Prepare T-Accounts for each account. Insert in each T-account its September 30 balance as given (example: Cash $2,400). 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 accounts with a zero beginning balance, do not enter a "0" or select the "Bal" reference.) Review the journal entries from Requirement 1. Choose from any list or enter any number in the input fields and then continue to the next question. ? 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. B (Click the icon to view the completed accounting equation analysis.) Read the requirements. 9 9. . Review the journal entries from Requirement 1. Cash Common Stock Accounts Receivable Retained Earnings Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 requirements. Accounts Payable Rent Expense Advertising Expense Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 requirements. Accounts Payable Rent Expense Advertising Expense Choose from any list or enter any number in the input fields and then continue to the next question. ? 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: 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.) September 30, 2018 financial position Assets Liabilities + Stockholders' Equity Accounts Accounts Common Retained Cash Payable + Stock + Earnings + Receivable + Supplies + Equipment = 3,600 12,100 Bal 2,400 8,500 6,100 3,500 Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? 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.) Durin these i 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 X a. The company received cash of $3,600 and issued common stock. b. Performed services for a customer and received cash of $6,200. c. Paid $4,200 on accounts payable. d. Purchased supplies on account, $1,300. e. Collected cash from a customer on account, $1,500. f. Consulted on the design of a computer system and billed the customer for services rendered, $3,900. g. Recorded the following business expenses for the month: (1) paid office rent- $1,100; (2) paid advertising$700. h. Declared and paid a cash dividend of $3,200. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? - Accounting Equation Analysis fi Accounts Accounts Common Retained Equity Cash + Receivable + Supplies + Equipment = Payable + Stock + Earnings Transaction Bal 2,400 3,600 12,100 8,500 6,100 3,500 Issued (a) 3,600 3,600 stock Service (b) 6,200 6,200 revenue (c) (4,200) (4,200) (d) 1,300 (e) 1,500 (1,500) Service (f) 3,900 3,900 revenue Rent (g) (1,800) (1,100) expense Advertising (700) expense (h) (3,200) (3,200) Dividends Bal 4,500 6,000 1,300 12,100 5,600 9,700 8,600 1,300 Total 23,900 23,900 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.) Durin these i 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 X a. The company received cash of $3,600 and issued common stock. b. Performed services for a customer and received cash of $6,200. c. Paid $4,200 on accounts payable. d. Purchased supplies on account, $1,300. e. Collected cash from a customer on account, $1,500. f. Consulted on the design of a computer system and billed the customer for services rendered, $3,900. g. Recorded the following business expenses for the month: (1) paid office rent- $1,100; (2) paid advertising$700. h. Declared and paid a cash dividend of $3,200. Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? 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 Smith Computing, Inc. performed a transactional analysis to determine the effects of the transactions on their accounting equation. B (Click the icon to view the completed accounting equation analysis.) Read the requirements. Requirements 1. Journalize the transactions of Smith 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 $2,400). Then, post the October transactions to the T-accounts. 3. Compute the balance in each account. Print Done Choose from any list or enter any number in the input fields and then continue to the next