$1.$ October $1,$ C$.$ R$.$ Byrd invests $$10,000$ cash in an advertising venture to be known as the Pioneer Advertising Agency.

$2.$ October $1,$ office equipment costing $$5,000$ is purchased by signing a $3-$month, $12\%,$ $$5,000$ note payable.

$3.$ October $2,$ a $$1,200$ cash advance is received from R$.$ Knox, a client, for advertising services that are expected to be completed by December $31.$

$4.$ October $3,$ office rent for October is paid in cash, $$900.$

$5.$ October $4,$ $$600$ is paid for a one$-$year insurance policy that will expire next year on September $30.$

$6.$ October $5,$ an estimated $3-$month supply of advertising materials is purchased on account from Aero Supply for $$2,500.$

$7.$ October $9,$ hire four employees to begin work on October $15.$ Each employee is to receive a weekly salary of $$500$ for a $5-$day work week, payable every $2$ weeks$$first payment made on October $26.$

$8.$ October $20,$ C$.$ R$.$ Byrd withdraws $$500$ cash for personal use.

$9.$ October $26,$ employee salaries of $$4,000$ are owed and paid in cash. $($See October $9$ transaction.$)$

$10.$ October $31,$ received $$10,000$ in cash from Copa Company for advertising services provided in October.