The following events apply to Montgomery Company for Year 1, its first year of operation: Received cash of $36,000 from the issue of common stock. Performed $48,000 of services on account. Incurred $6,500 of other operating expenses on account. Paid $21,000 cash for salaries expense. Collected $34,500 of accounts receivable. Paid a $3,000 dividend to the stockholders. Performed $9,500 of services for cash. Paid $5,500 of the accounts payable. Required a. Record the preceding transactions in general journal form. b. Post the entries to T-accounts and determine the ending balance in each account. c.

Suppose that a candy maker owns a building and is renting part of the building's space to a doctor. further suppose that because the candy maker is the owner, he has the right to make noise during the day while he makes candy. while the doctor cannot insist on a quiet environment, the doctor could move to a quieter building. however, rent in the next best building is $350/month more than rent in the noisy building. the candy maker can adopt a new technology that eliminates the noise for $275/month. given this situation, can the doctor find a private solution with the candy maker that will make both better off?