The following amounts summarize the financial position of Williamson Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial position.) During October 2018, Williamson Computing completed these transactions: i (Click the icon to view the transactions.) September 30, 2018 financial position Liabilities Stockholders' Equity Assets Accounts Accounts Common Retained Cash Receivable Supplies Equipment Payable Stock Earnings + + 5,600 4,400 Bal 2,400 3,500 12,500 8,400 Transactions The company received cash of $3,800 and issued common stock. a. Performed services for a customer and received cash of $5,900. b. Paid $4,100 on accounts payable. C. Purchased supplies on account, $1,400. d. Collected cash from a customer on account, $1,800. e. f. Consulted on the design of a computer system and billed the customer for services rendered, $4,000. Recorded the following business expenses for the month: (1) paid office rent- $1,800; (2) paid advertising-$800. g. c. Pai Declared and paid a cash dividend of $3,300. h. Requirements Williamson 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.) Joumalize the transactions of Williamson Computing, Inc. Explanations are not required. 1. Read the requirements 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. hations from any joumal entriees.) 3 Compute the balance in each account. Accounting Equation Analysis Stockholders' Equity Assets Liabilities Type of Equity Accounts Accounts Common Retained Supplies Equipment= Receivable Transaction Cash Payable Stock Earnings 2,400 3,500 12,500 8,400 5,600 Bal 4.400 3,800 Issued stock 3,800 (a, 5.900 Service revenue (b 5.900 (c) (4,100) (4,100) (d) 1,400 1.400 (e) 1,800 (1,800) (f) 4.000 4,000 Service revenue (1,800) Rent expense (q) (2,600) (800) Advertising expense (3,300) Dividends (3,300) (h Bal 8.400 3.900 5.700 1,400 12.500 5,700 9,400 Total 23.500 23.500 Requirement 1. Journalize the transactions of Williamson Computing, Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) a. The company received cash of $3,800 and issued common stock. Journal Entry Accounts Debit Credit (a) b. Performed services for a customer and received cash of $5,900. Journal Entry Accounts Debit Credit (b) c. Paid $4,100 on accounts payable. Journal Entry Credit Accounts Debit (c) d. Purchased supplies on account, $1,400. Journal Entry Accounts Debit Credit (d) e. Collected cash from a customer on account, $1,800. Journal Entry Accounts Debit Credit (e) f. Consulted on the design of a computer system and billed the customer for services rendered, $4,000. Journal Entry Accounts Debit Credit (f) g. Recorded the following business expenses for the month: (1) paid office rent- $1,800; (2) paid advertising-$800 Journal Entry Accounts Debit Credit (g) h. Declared and paid a cash dividend of $3,300 Journal Entry Debit Credit Accounts (h) aments 2 and 3. Prepare T-Accounts for each acoount. Insert each T-account September 30 balance as given (example: Cash S2,400). Then, post the October transactions to the T-accounts. Compute the balance in each account actions (a) through (h). Label each balance and transaction with the appropriate posting reference. Finally. label and calculate each ending balance. (For accounts with a ne de t enter a 0" or select the "Bal" reference.) jounal entries from Requirement 1. Review t Cash Common Stock Accounts Receivable Retained Eamings