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& P2-63A (similar to During the irst month of operations, Thompson Services, Inc., completed the following transactions Question Help (Click the loon to view the transaction data) . Record each transaction in the jourmal. Be sure to record 2. Post the transactions to the a. Prepare the Hial balence of Thompson Services, Inc, at October 31 of the 4. Timothy Thompson, the the date in each entry. Explanations are not required. T-accounts, using transaction dates as posting references. Label the anding balance of each account Bal current year manager, asks you how much in total rescurces the business hes to work with, how much it owes, and whether October was profitable (and by how much). 18 Cash 2.400 Accounts Receivable 2.400 More Info Oct 22: Reooives Odt 2 Thompson Services received $66,000 cash and issued common stook to the Aocounts Payable Accounts Receivable Advertising Expense stockholders 3 Purchased supplies, $800, and equipment, $11,500, on account. 4 Performed services for a customer and recelved cash, $5,500 7 Pald cash to acquire land, $39,000 11 Perfomed servioes for a customer and billed the customer, $4,500 Date Debit Credit Oct 22 Cash 370 Common Stock Dividends 370 Thompson expects to collect within one month 16 Paid for the equipment purchased October 3 on account. 17 Paid for newspaper advertising, $540 18 Recelved partial payment from customer on account, $2.400 22 Recelved and paid the water and eleotriclity bills, $370 29 Received $2.,000 cash for servicing the heating unit of a customer 31 Paid employee salaries, $2,500 31 Declared and paid dividends of $1,800. Oot 20: Recelive Salary Expense 1.4: Service Revenue Ulities Expense Debit Credit 2,000 7.29 Print Done Choose from any list or entor any number in the input Selds and then click Check