Prepare Balance column account for the following transactions

Oct 1. Graham invested $90,000 cash, a 36,000 computer system, and $18,000 of office equipment in the business

Oct 2. Paid rent in advance $9,000

Oct 3. Purchased computer supplies oncredit for $ 2,640 from Abbott Office Products.

Oct 5. Paid $4,320 cash for one yesr's premium on a property and liability insurance policy

Oct 6. Billed Capital Leasing $6,600 for installing new computer

Oct 8. Paid for the computer supplies purchased from Abbott Office Products

Oct 10. Hired Carly Smith as a part0time asistanat for $200 per day, as needed

Oct 12. Billed Capital Leasing another $2,400 for computer services rendered

Oct1 15. Received $6,600 from Capital leasing on its account

Oct 17. Paid $1,410 to repair computer equipment damaged when movng to a new office

Oct 20. Paid $3,720 for and advertisement in the local newspaper

Oct 22. Received $2,400 from Capital Leasing on its account

Oct 28. Billed Decker Company $6,450 for services

Oct 31. Paid Carly Smith for seven days work

Oct 31. Withdrew $7,200 cash from the business for personal use.

Answer rating: 100% (QA)

Date Account Titles 01Oct Cash 02Oct Advertisement Expenses To Cash Being amount of Rent Paid in adv... View the full answer