Flounder Corp.provides security services. Selected transactions forFlounder Corp.are presented below.

Oct. 1Issued common stock in exchange for $55,400cash from investors.2Hired part-time security consultant. Salary will be $1,700per month. First day of work will be October 15.4Paid 1 month of rent for building for $1,700.7Purchased equipment for $15,100, paying $3,400cash and the balance on account.8Paid $900for advertising.10Received bill for equipment repair cost of $340.12Provided security services for event for $2,700on account.16Purchased supplies for $340on account.21Paid balance due from October 7 purchase of equipment.24Received and paid utility bill for $124.27Received payment from customer for October 12 services performed.31Paid employee salaries and wages of $4,300.

Part 1

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Journalize the transactions.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)