questions attached in screenshotthank youasaa13t1 During the first month of operations, Wortham Services, Inc., completed the following transactions:1(Click the icon to view the transaction data.)Read the requirements.Dec 4: Performed services for a customer and received cash, $5,600.Journal EntryDateDecAccountsDec 7: Paid cash to acquire land, $40,000.DateDecJournal EntryAccountsDebitDebitCreditCredit Dec 2 Wortham Services received $70,000 cash and issued common stock to thestockholders.Purchased supplies, $700, and equipment, $11,400, on account.Dec 3Dec 4Dec 7Dec 11Performed services for a customer and received cash, $5,600.Paid cash to acquire land, $40,000.Performed services for a customer and billed the customer, $3,100. Worthamexpects to collect within one month.Dec 16Paid for the equipment purchased December 3 on account.Paid for newspaper advertising. $570.Dec 17Dec 18Received partial payment from customer on account, $1,000.Dec 22 Received and paid the water and electricity bills, $400.Dec 29 Received $2,900 cash for servicing the heating unit of a customer.Dec 31 Paid employee salaries, $2,600.Dec 31 Declared and paid dividends of $1,800.

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Description: questions attached in screenshotthank youasaa13t1 During the first month of operations, Wortham Services, Inc., completed the following transactions:1(Click the icon to view the transaction data.)Read the requirements.Dec 4: Performed services for a

Business

Accounting

Dec 2 Dec 3 Dec 4 Dec 7 Dec 11 Wortham Services received $70,000 cash and issued common stock to the stockholders. Purchased supplies, $700, and equipment, $11,400, on account. Performed services for a customer and received cash, $5,600. Paid cash to acquire land, $40,000. Performed services for a customer and billed the customer, $3,100. Wortham expects to collect within one month. Dec 16 Dec 17 Dec 18 Received partial payment from customer on account, $1,000. Received and paid the water and electricity bills, $400. Dec 22 Dec 29 Received $2,900 cash for servicing the heating unit of a customer. Paid employee salaries, $2,600. Paid for the equipment purchased December 3 on account. Paid for newspaper advertising. $570. Dec 31 Dec 31 Declared and paid dividends of $1,800.

Dec 2 Dec 3 Dec 4 Dec 7 Dec 11 Wortham Services received $70,000 cash and issued common stock to the stockholders. Purchased supplies, $700, and equipment, $11,400, on account. Performed services for a customer and received cash, $5,600. Paid cash to acquire land, $40,000. Performed services for a customer and billed the customer, $3,100. Wortham expects to collect within one month. Dec 16 Dec 17 Dec 18 Received partial payment from customer on account, $1,000. Received and paid the water and electricity bills, $400. Dec 22 Dec 29 Received $2,900 cash for servicing the heating unit of a customer. Paid employee salaries, $2,600. Paid for the equipment purchased December 3 on account. Paid for newspaper advertising. $570. Dec 31 Dec 31 Declared and paid dividends of $1,800.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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