The following amounts summarize the financial position of Taylor Computing, Inc., on September 30, 2021: (Click the icon to view the September 30, 2021 financial position.) During October 2021, Taylor Computing completed these transactions: i (Click the icon to view the transactions.) Taylor 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 Taylor Computing, Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) a. The company received cash of $4,500 and issued common stock. (a) Journal Entry Accounts Debit Credit September 30, 2021 financial position Assets = Liabilities + Stockholders' Equity Accounts Accounts Common Retained Cash Bal 2,250 3,600 + Receivable + Supplies + Equipment = Payable + 7,700 Stock + 12,400 6,400 Earnings 4,150 Print Done Transactions a. b. C. d. e. The company received cash of $4,500 and issued common stock. Performed services for a customer and received cash of $5,800. Paid $5,000 on accounts payable. Purchased supplies on account, $500. Collected cash from a customer on account, $1,800. f. Consulted on the design of a computer system and billed the customer for services rendered, $4,600. g. Recorded the following business expenses for the month: (1) paid office rent- $1,200; (2) paid advertising-$850. h. Declared and paid a cash dividend of $2,900. Accounting Equation Analysis Assets Liabilities Stockholders' Equity Accounts Accounts Common Cash + Receivable + Supplies + Equipment = Payable + Stock + Earnings Retained Type of Equity Transaction Bal 2,250 6,400 12,400 7,700 6,400 4,150 (a) 4,500 4,500 (b) 5,800 Issued stock 5,800 Service revenue (c) (5,000) (d) 500 (5,000) 500 (e) 1,800 (1,800) (f) 4,600 (g) (2,050) (h) (2,900) Bal 4,400 6,400 500 12,400 3,200 10,900 4,600 Service revenue (1,200) Rent expense (850) Advertising exp. (2,900) Dividends 9,600 Total 23,700 23,700 Print Done