Prepare journal entries for the following transactions that occurred during October:
2020
Oct. 3 Janet Wills invested $70,000 cash and $6,000 worth of equipment in her new business.
6 Purchased building for $40,000 on account.
13 Purchased a truck from Lowell Co. for $16,000 cash.
17 Bought supplies from Lee Co. on account, $900.