Exercise 2-5 Analyzing transactions 103.5 William Curtis is a personal finance expert and owns "Much Money" Consulting. This is his first month of operations and William has hired you to do his accounting. The following transactions are for the month of October. a. On October 2, William Curtis invested $32,600 cash into his business b. On October 4, purchased $925 of office supplies for cash. e. On October 6, purchased $13,000 of office equipment on credit. d. On October 10, received $3,000 cash as revenue for being a guest on the TV show CityTalk. e. On October 12, paid for the office equipment purchased in transaction (c). f. On October 16, billed a customer $5,400 for delivering a corporate workshop on smart investing. g. On October 18, paid October's rent for the downtown office with $3,500 cash. h. On October 20, collected cash for all of the account receivable created in transaction ( 1. On October 31, withdrew $5,000 cash from the business for a trip to Hawaii. Required For each transaction, (1) complete the analysis, (2) determine the journal entry analysis and (3) record the journal entry. Use the template below. Transaction a. has been com pleted for you. Assets increase Equity increases a. Analysis Journal entry Debit the Cash account for $32,600, Credit the William Curtis. Capital account for $32,000. Journal Entry Date Oct. 2 Account Titles and Explanation Cash William Curtis, Capital. Investment by owner Continue Debit Credit 32.600 32.600