Fortin Co.'s ledger is as follows:

Instructions
(a) Journalize the October transactions, and give explanations for each entry.
(b) Determine the October 31, 2014, balance for each account. Prepare a trial balance at October 31, 2014.

Transcribed Image Text:

Cash A. Fortin, Capital 1,200 2,000 Oct. 1 10 15 20 25 1,200 Oct. 3 400 500 600 250 500 Oct. 1 25 650 3,000 12 30 31 31 A. Fortin, Drawin 2,000 Oct. 30 600 Accounts Receivable Service Revenue Oct. 6 10 15 20 1,000 650 3,000 940 Oct. 6 20 1,000 Oct. 20 800 940 Supplies Oct. 4 800 Equipment Advertising Expense Oct. 3 5,400 Oct. 28 400 Notes Payable Rent Expense Oct. 3 5,000 Oct. 31 250 Salaries Expense Accounts Payable 500Oct 4 800 400 Oct. 12 Oct. 31 500 28