The following events apply to Pearson Service Co. for Year 1, its first year of operation: 1. Recelved cash of $63,000 from the issue of common stock. 2. Performed $122,500 worth of services on account. 3. Paid $83,500 cash for salaries expense. 4. Purchased supplies for $18,500 on account. 5. Collected $97,500 of accounts receivable. 6. Paid $13,700 of the accounts payable. 7. Paid a $6,300 dividend to the stockholders. 8. Had $2,150 of supplies on hand at the end of the period. Required a. Record these events in general journal form. b. Post the entries to T-accounts and determine the ending balance in each account. c. Determine the amount of total assets at the end of Year 1. d. Determine the amount of net income for Year 1. Complete this question by entering your answers in the tabs below. Journal entry worksheet \begin{tabular}{l|l|lll} \hline & E F G G \end{tabular} Received cash of $63,000 from the issue of common stock. Note: Enter debits before credits. Journal entry worksheet F Performed $122,500 worth of services on account. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Purchased supplies for $18,500 on account. Note: Enter debits before credits. Journal entry worksheet Collected $97,500 of accounts receivable. Note: Enter debits before credits. Journal entry worksheet C A B C D E Paid $13,700 of the accounts payable. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet D D B Had $2,150 of supplies on hand at the end of the period. Note: Enter debits before credits