must use the headings provided. quick response needed thanks

John Smith began a web-based computer sales and service company on October 1, 2015 called Smith's Toys Inc. The plan is to prepare monthly adjustments so that financial statements can be done each month. The following information is available for October, 2015 (assume a perpetual inventory system) October 1 Smith invested 12,000 cash along with $9,000 of computer equipment into his new business in exchange for 200 shares. The equipment is estimated to have a useful life of 3 years and have no value after that time. 1 Purchased 6 months worth of insurance for $1,500 cash; the insurance is effective immediately 1 $17,000 of merchandise was purchased from Courtland Corp. on account, terms 1/10,n30 6 Purchased $5,000 of merchandise inventory from Vision Consulting Inc; terms 1/10,n30; FOB shipping point. 6 Sold merchandise to Bruce Bonner that cost $3,100 for $3,700, terms 1/15, n30. 7 Received the October 6, 2015 purchase and paid cash of $150 for shipping, 11 The customer of October 6, 2015 returned $700 of their purchase due to defects, the returned merchandise will not be returned to inventory 12 Sold merchandise to Bruce Bonner that cost $5,700 for $6,400 cash, 13 Collected the balance owing regarding the October 6, 2015 sale. 14 Bought $500 of office supplies, paid cash. 14 Paid for the merchandise purchased from Vision Consulting Inc. on October 6, 2015 15 Bought used office furniture for $1,500 cash. It is estimated that the business will use the furniture for 5 years and then donate it to a charity 22 Paid for the merchandise purchased from Courtland Corp. on October 1, 2015 . Additional information available at month end. October 31: A count of the office supplies showed a balance on October 31 of $70. The merchandise inventory was counted and there was a balance on hand at October 31 of $12,400. The October utility bill arrived from Epcor Utility Company; the $550 balance owing must be paid by November 15, 2015, Please make sure your final answer(s) are accurate to 2 decimal places. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and - for decrease For example, if an account decreases equity, choose 'Equity Prepare the journal entries based on the transactions that occurred from October 1 to October 31. Also, record the six adjusting entries for the month ended October 31 based on the additional information and a review of the October transactions. Journal entries: General Journal Date Account/Explanation Page Gj1 F Debit Credit Effect On Balance Sheet 1 + + - + 0 + - + 1 + + - + - 1 1 + +- 1 + T + Choose an Account or Heading egories: Accounts and Headings: Accounts Payable, Courtland Corp. ets Accounts Payable, Epcor bilities Accounts Payable, Vision Consulting Inc. ity Accounts Receivable, Bruce Bonner uity Accumulated Depreciation, Automobiles venues Accumulated Depreciation, Boats penses Accumulated Depreciation, Building her Accumulated Depreciation, Computer Equipment Accumulated Depreciation, Land Improvements Accumulated Depreciation, Machinery Accumulated Depreciation, Office Fixtures Accumulated Depreciation, Office Furniture Accumulated Depreciation, Store Equipment Accumulated Depreciation, Store Fixtures Accumulated Depreciation, Store Furniture Accumulated Depreciation, Trucks Advertising Expense Advertising Payable Search: Erase Cancel Choose an Account or Heading ategories: Accounts and Headings: Advertising Payable ssets Automobiles abilities Boats quity Bonds Payable Equity Building Revenues Cash Expenses Commissions Earned Other Computer Equipment Consulting Revenue Earned Copyright Cost Of Goods Sold Depreciation Expense, Automobiles Depreciation Expense, Boats Depreciation Expense, Building Depreciation Expense, Computer Equipment Depreciation Expense, Land Improvements Depreciation Expense, Machinery Denreciation Exnense Office Fixtures Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All DeprecauON Lxpense, IIUCTTery Assets Depreciation Expense, Office Fixtures Liabilities Depreciation Expense, Office Furniture Equity Depreciation Expense, Store Equipment Equity Depreciation Expense, Store Fixtures Revenues Depreciation Expense, Store Furniture Expenses Depreciation Expense, Trucks Dividends Other Income Summary Income Taxes Expense Income Taxes Payable Insurance Expense Interest Earned Interest Expense Interest Payable Interest Receivable Investment in Bonds Land Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Land Assets Land Improvements Liabilities Long-Term Notes Payable Equity Long-term Investment in Shares Equity Machinery Revenues Merchandise Inventory Expenses Mortgage Payable Other Notes Receivable Office Fixtures Office Furniture Office Salaries Expense Office Supplies Office Supplies Expense Patents Prepaid Advertising Prepaid Insurance Prepaid Interest Prepaid Rent Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Prepaid Rent Assets Property Taxes Expense Liabilities Property Taxes Payable Equity Rent Earned Equity Rent Expense Revenues Rent Payable Expenses Rent Receivable Other Rent expense, office space Rent expense, selling space Retained Earnings Salaries Expense Salaries Payable Sales Sales Discounts Sales Returns and Allowances Sales Salaries Expense Share Capital Short-Term Notes Payable Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Salaries Expense Assets Salaries Payable Liabilities Sales Equity Sales Discounts Equity Sales Returns and Allowances Revenues Sales Salaries Expense Expenses Share Capital Other Short-Term Notes Payable Store Equipment Store Fixtures Store Furniture Store Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent Unearned Revenue Utilities Expense Search: Erase Cancel