Answer:
Oct 1
Rent expense Dr. $2800
Cash Cr. $2800
(To record entry for payment of rent for month)
Oct 3
Advertising expenses Dr. $525
Cash Cr. $525
(To record entry for Advertising expenses)
Oct 5
Supplies Dr. $1250
Cash Cr. $1250
(To record entry for purchase of supplies)
Oct 6
Office equipment Dr. $9300
Accounts Payable Cr. $9300
(To record purchase of office equipment on account)
Oct 10
Cash Dr. $16600
Accounts Receivable Cr. $16600
(To record cash received from customers on account)
Oct 15
Accounts payable Dr. $3720
Cash Cr. $3720
(To record payment made to creditors)
Oct 27
Miscellaneous expenses Dr. $590
Cash Cr. $590
(To record repair expense of office equipment)
Oct 30
Telephone expense Dr. $275
Cash Cr. $275
(To record payment made for telephone bill)
Oct 31
Accounts receivables Dr. $50160
Service fees Cr. $50160
(To record fees earned )
Oct 31
Utility expense Dr. $830
Cash CR $830
(To record payment made for electricity bill)
Oct 31
Personal use Dr. $1700
Cash Cr. $1700
(To record payment of dividend)
