The following events apply to Pearson Service Co. for Year 1, its first year of operation:

1. Received 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.

Complete this question by entering your answers in the tabs below.

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.)

General Journal Section Answer Options:

- No journal entry required

- Accounts payable

- Accounts receivable

- Cash

- Common stock

- Dividends

- Salaries expense

- Service revenue

- Supplies

- Supplies expense

Journal entry worksheet Received cash of $63,000 from the issue of common stock. Note: Enter debits before credits. Journal entry worksheet Performed $122,500 worth of services on account. Note: Enter debits before credits. Journal entry worksheet D E 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