During October, All Pets Veterinary Clinic Ltd. completed the following transactions:

The clinic uses the following accounts: Cash, Accounts Receivable, Supplies, Land, Accounts Payable, Notes Payable, Share Capital, Dividends, Service Revenue, Salary Expense, Rent Expense, Utillities Expense, and Advertising Expense.
{Requirements}
1. Journalize each transaction of All Pets Veterinary Clinic Ltd. Explanations are not required.
2. Prepare T-accounts for Cash, Accounts Payable, and Notes Payable. Post to these three accounts.
3. After these transactions, how much cash does the business have? How much in total does it owe?

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Oct. 1 Dr. Squires deposited $8,000 cash in the business bank account. The business issued common shares to her. 5 Paid monthly rent, $1,000. 9 10 19 22 31 Paid $5,000 cash, and signed a $25,000 note payable to purchase land for an office site. Purchased supplies on account, $1,200. Paid $600 on account. Borrowed $10,000 from the bank for business use. Dr. Squires signed a note payable to the bank in the name of the business, 31 Revenues earned during the month included $7,000 cash and $5,000 on account. Paid employees' salaries ($2,000), advertising expense ($1,500), and utilities ($1,100). Declared and paid a cash dividend of $3,000. 31