Question

	Record each transaction in the journal. Be sure to record the date in each entry. Explanations are not required.
2.	Post the transactions to the​ T-accounts, using transaction dates as posting references. Label the ending balance of each account Bal.
3.	Prepare the trial balance of Wortham ServicesWortham Services​, ​Inc., at OctoberOctober 31 of the current year.
4.	MarkMark WorthamWortham​, the​ manager, asks you how much in total resources the business has to work​ with, how much it​ owes, and whether OctoberOctober was profitable​ (and by how​ much)

OctOct 2	Wortham ServicesWortham Services received $ 64 comma 000$64,000 cash and issued common stock to the stockholders.
3	Purchased​ supplies, $ 600$600​, and​ equipment, $ 11 comma 900$11,900​, on account.
4	Performed services for a customer and received​ cash, $ 5 comma 700$5,700.
7	Paid cash to acquire​ land, $ 34 comma 000$34,000.
11	Performed services for a customer and billed the​ customer, $ 3 comma 500$3,500. WorthamWortham expects to collect within one month.
16	Paid for the equipment purchased OctoberOctober 3 on account.
17	Paid for newspaper​ advertising, $ 560$560.
18	Received partial payment from customer on​ account, $ 1 comma 400$1,400.
22	Received and paid the water and electricity​ bills, $ 390$390.
29	Received $ 2 comma 300$2,300 cash for servicing the heating unit of a customer.
31	Paid employee​ salaries, $ 2 comma 800$2,800.
31	Declared and paid dividends of $ 2 comma 700$2,700.

Journal Entry
Date		Accounts	Debit	Credit
Oct

Answer 1