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 10,200.00 2 Business bought supplies on Account 300.00 3 Business bought Office Furniture. Paid Cash. 3,100.00 4 Business performed a service on account for a customer 840.00 5 Business performed a service for a customer. Customer immediately paid 175.00 6 Business paid employee for work performed this month 225.00 7 Owner was paid by his company 525.00 8 Customer of trans. 4 pays business half of what they owe. 420.00 9 Business paid October's rent 600.00 10 Ben Hamilton lends his brother money. Money was not the company's 125.00

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