Exercise 3-18 (Part Level Submission) Grouper Corp. provides security services. Selected transactions for Grouper Corp. are presented below. Oct. 1 2 4 7 Issued common stock in exchange for $56,800 cash from investors. Hired part-time security consultant. Salary will be $1,700 per month. First day of work will be October 15. Paid 1 month of rent for building for $1,700. Purchased equipment for $15,500, paying $3,400 cash and the balance on account. 8 Paid $400 for advertising 10 Received bill for equipment repair cost of $340 12 Provided security services for event for $2,800 on account. 16 Purchased supplies for $350 on account. 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $127 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $4,400