Haider Malik started a catering service called International Catering. During the first month of operations, October 2023, the business completed the following selected transactions:

Required

1. Record the transactions in the journal.

2. Open the following three-column ledger accounts: Cash, #1100; Accounts Receivable, #1300; Supplies, #1500; Food Service Equipment, #1600; Food Truck, #1700; Accounts Payable, #2100; H. Malik, Capital, #3100; H. Malik, Withdrawals, #3200; Service Revenue, #4100; Advertising Expense, #5100; Insurance Expense, #5500; Rent Expense, #5700; Salaries Expense, #5800.

3. Post to the accounts and keep a running balance for each account.

4. Prepare the unadjusted trial balance of International Catering at October 31, 2023.

Transcribed Image Text:

Oct. 2 6 7 17 18 Malik began the company with an investment of $50,000 cash and a food truck valued at $26,000. The business gave Malik owner's equity in the business. Paid $8,000 cash for custom food service equipment. Purchased supplies on account, $14,800. Received $4,000 cash for catering at a street festival. Catered to bands at a music festival and will receive $8,600 payment at a later date.