Question: Journalize transactions for XYZ Enterprises for Oct. for the current year Oct. was the first month of business for this sole prop. company Post all

Journalize transactions for XYZ Enterprises for Oct. for the current year Oct. was the first month of business for this sole prop. company Post all of the journal entries to T accts. Determine T acct balances and then prepare an Oct. 31 Trial Balance Prepare the 3 fin. Statements, I/S, Statement of O.E., B/S Event # Description of Transaction amount 1 Ben Hamilton, owner, invested money into this business 24,000.00 2 Business bought supplies on Account 1,300.00 3 Business bought Office Furniture. Paid Cash. 12,600.00 4 Business performed a service on account for a customer 1,520.00 5 Business performed a service for a customer. Customer immediately paid 880.00 6 Business paid employee for work performed this month 655.00 7 Owner was paid by his company 900.00 8 Customer of trans. 4 pays business half of what they owe. 760.00 9 Business paid October's rent 1,125.00 10 Ben Hamilton lends his brother money. Money was not the company's 420.00

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