The following events apply to Pearson Service Co. for 2018, its first year of operation:

1. Received cash of $60,000 from the issue of common stock.

2. Performed $115,000 worth of services on account.

3. Paid $79,000 cash for salaries expense.

4. Purchased supplies for $17,000 on account.

5. Collected $93,000 of accounts receivable.

6. Paid $12,500 of the accounts payable.

7. Paid a $6,000 dividend to the stockholders.

8. Had $2,000 of supplies on hand at the end of the period.

Required

1. Record these events in general journal form.

2. Post the entries to T-accounts and determine the ending balance in each account.

3. Determine the amount of total assets at the end of 2018.

4. Determine the amount of net income for 2018.

**** I will now upload parts A-D. Some are filled in but not showing as right. Please help me fill them in. *****

A:

B:

C: & LASTLY D -

Record these events in general journal form. (If no entry is required for a event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Event General Journal Debit Credit 1 1 Cash 60,000 Common stock 60,000 2 2 Accounts receivable 115,000 Service revenue 115,000 3 3 Salaries expense 79,000 Cash 79,000 4 4 17,000 Supplies Accounts payable 17,000 5 5 Cash 93,000 Accounts receivable 93,000 6 6 Accounts payable 12,500 Cash 12,500 7 7 Dividends 6,000 Cash 6,000 8 8 15,000 Supplies expense Supplies 15,000 ASSETS Cash LIABILITIES Accounts Payable 12,500 STOCKHOLDERS' EQUITY Common Stock 60,000 1 60,000 6 Bal. 60,000 Bal. 12,500 Bal. 60,000 Accounts Receivable 115,000 Dividends 6,000 2 7 Bal. 115,000 Bal. 6,000 Service Revenue Supplies 17,000 4 Bal. 17,000 Bal. Salaries Expense 79,000 3 Bal. 79,000 Supplies Expense Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the amount of total assets at the end of 2018. Total assets Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the amount of net income for 2018. Net income