Exercise 3-18 (Part Level Submission) Ayayai Corp. provides security services. Selected transactions for Ayayai Corp. are presented below. Oct. 1 Issued common stock in exchange for $48,800 cash from investors. 2 Hired part-time security consultant. Salary will be $1,500 per month. First day of work will be October 15 4 Paid 1 month of rent for building for $1,500. 7 Purchased equipment for $13,300, paying $3,000 cash and the balance on account 8 Paid $400 for advertising. 10 Received bill for equipment repair cost of $290. 12 Provided security services for event for $2,400 on account. 16 Purchased supplies for $300 on account. 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $110. 27 Received payment from customer for October 12 services performed 31 Paid employee salaries and wages of $3,800