Answer:
Oct 1.
Dr Cash 31,580
Cr Common Stock 31,580
Oct. 2
Dr No entry
Cr No entry
Oct. 3
Dr Office furniture 3,650
Cr Accounts payable 3,650
Oct. 6
Dr Accounts receivable 11,680
Cr Service revenue 11,680
Oct. 10
Dr Cash 135
Cr Service revenue 135
Oct. 27
Dr Accounts payable 610
Cr Cash 610
Oct. 30
Dr Salaries and wages expense 2,780
Cr Cash 2,780
Explanation:
Preparation of the debit-credit analysis for each transaction.
Oct. 1
Debits Increases assets
Debit Cash 31,580
Credits Increases stockholders' equity
Credit Common stock 31,580
Oct. 2
Debits No effect
Debit No effect
Credits No effect
Credit No effect
Oct. 3
Debits Increases assets
Debit Office furniture 3,650
Credits Increases liabilities
Credit Accounts payable 3,650
Oct. 6
Debits Increases assets
Debit Accounts receivable 11,680
Credits Increases retained earnings
Credit Service revenue 11,680
Oct. 10
Debits Increases assets
Debit Cash 135
Credits Increases retained earnings
Credit Service revenue 135
Oct. 27
Debits Decreases liabilities
Debit Accounts payable 610
Credits Decreases assets
Credit Cash 610
Oct. 30
Debits Decreases retained earnings
Debit Salaries and wages expense 2,780
Credits Decreases assets
Credit Cash 2,780
