The following events apply to Montgomery Company for Year 1, its first year of operation: 1. Received cash of $36.000 from the issue of common stock, 2. Performed $48,000 of services on account. 3. Incurred $6.500 of other operating expenses on account 4. Paid $21.000 cash for salaries expense. 5. Collected $34,500 of accounts receivable, 6. Pald a $3.000 dividend to the stockholders. 7. Performed $9.500 of services for cash. 8. Paid $5,500 of the accounts payable. Required a. Record the preceding transactions in general journal form. b. Post the entries to T-accounts c. & d. Determine the amount of total assets at the end of Year 1, and the amount of net income for Year 1 Complete this question by entering your answers in the tabs below. Reg A ReqB Req C and D Record the preceding transactions in general journal form. (If no entry is required for a transaction/event, select "No required" in the first account field.) View transaction list Journal entry worksheet A B D ITT F G H Received cash of $36,000 from the issue of common stock. Note Enter debits before credits Event General Journal Debit Credit Reg A Reg B Reg Cand D Record the preceding transactions in general journal form. (If no entry is required for a transaction/ev required in the first account field.) View transaction list Journal entry worksheet A B C D E F G H Received cash of $36,000 from the issue of common stock. Note: Enter debits before credits Event General Journal Accounts payable Debit Credit 1 Record entry Clear entry . View general journal Journal entry worksheet Performed $48,000 of services on account. Note Enter debits before credits Event General Journal Debit Credit 2 Record entry Clear entry View general journal Journal entry worksheet . B C D E F G H Incurred $6,500 of other operating expenses on account. Note: Enter debit before credits Event General Journal Debit Credit 3 Record entry Clear entry View general journal Journal entry worksheet A B D E F H > Paid $21,000 cash for salaries expense. Notey Enter debits before credits Event General Journal Debit Credit 4 Journal entry worksheet tes ic raw III Complete this question by entering your answers in the tabs below. Reg A ReqB Req C and D Determine the amount of total assets at the end of Year 1, and the amount of net income for Year 1. c Total assets d. Net income