Complete journal1-9

Required Information Problem 4-5A Record transactions, post to the Cash T-account, and prepare the statement of cash flows (LO4-7) [The following information applies to the questions displayed below] Rocky owns and operates Balbos's Gym located in Philadelphia. The following transactions occur for the month of October 1. October 2 Receive membership dues for the month of October totaling $8,500. 2. October 5 Issue common stock in exchange for cash, $12,080. 3. October 9 Purchase additional boxing equipment for $9,608, paying one-half of the amount in cash and issuing a note payable to the seller for the other one-half due by the end of the year. 4. October 12 Pay $1,500 for advertising regarding a special membership rate available during the month of October. 5. October 19 Pay dividends to stockholders, $4,488. 6. October 22 Pay Pay liability Insurance to cover accidents to members for the next six months, starting November 1, $6,980. 7. October 25 Receive cash in advance for November memberships, $5,500. 8. October 30 Receive, but do not pay, utilities bill for the month, $5,200. 9. October 31 Pay employees' salaries for the month, $7,300. Problem 4-5A Part 1 Required: 1. Record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Vww transaction lat Journal entry worksheet 1 2 Note: Enter debits before credits. Date October 02 Record receipt of membership dues for the month of October totaling $8,500. Macord entry General Journal 6 Clear entry 7 Debit Credit View general journal