please do all neat handwriting please.

DATE TRANSACTIONS Oct. 1 Issued Check 601 for $4,400 to pay Properties Management, Inc., the monthly rent. 1 signed a three-month radio advertising contract with Cable Station XTL for $5,100; issued Check 602 to pay the fall amount in advance. 2-Received $520 from Megan Greening, a credit customer, in payment of her account. 2 Issued Check 603 for $17,020 to remit the sales tax owed for July through September to the State Tax Commission. 2 Issued Check 604 for $7.673.40 to A Fashion Statement, a creditor, in payment of Invoice 9387 ($7,030), less a can discount (5156.60). 3 Sold merchandise on credit for $2,480 plus sales tax of $124 to Marian Salib, sales slip 241. 4 Issued Check 605 for $1,050 to BMX Supply Co. for supplies. 4 Issund Check 606 for $8,594.60 to Unique Styles, a creditor, in paynent of Invoice 5671 ($8,770), less a cash discount (5175.40). 5 Collected $1.700.00 on account from Amy Trinh, a credit customer. S Recepted a return of merchandise from Marian Salib. The merchandise was originally sold on Sales Slip 241, dated October 3, issued Credit Memorandum 18 for $630, which includes sales tax of $30. 5 Tasued Cheek 607 for $1,666 to classy Threads, a creditor, in payment of Invoice 3292 ($1,700), less a cash discount (934). 6 Had cash sales of $18,600 plus sales tax of $930 during October 1-6. 8 Received a check from James Helmer, & credit customer, for $832 to pay the balance he owes. 8 Tusued Check 608 for $1,684 to deposit social security tax ($702), Medicare tax ($162), and federal income tax withholding ($1,020) from the September payroll. 9 sold merchandise on credit for $2,050 plus sales tax of $102.50 to Tima Maldonado, Sales Slip 242. 10 Tenued Check 609 for $1,525 to pay The Daily News for a newspaper advertisement that appeared in October. 11 Purchased merchandise for $4,820 from A Fashion Statement, Invoice 9422, dated October 8; the terms are 2/10, n/20. 12 Tessed Check 610 for $395 to pay freight charges to Ace Freight Company, the trucking company that delivered merchandise from A Fashion Statement on September 27 and Oetober 11. 13 Rad cash sales of $13,200 plus sales tax of $660 during October 8-13. 15 Soid merchandise o credit for $1,940 plus sales tax of $97 to James Helmer, Sales Slip 243. 16 Purchased discontinued merchandise from Acme Jobbers paid for it immediately with Cheek 611 for $5,120. 1 linnen S51DCORE Malha credit customer. DAR JU. 12 Insed Check 610 for $395 to pay freight charges to Ace Freight Company, the trucking company that delivered merchandise from A Fashion Statement on September 27 and October 11. 13 Had cash sales of $13,200 plus sales tax of $660 during October 8-13. 15 Sold merchandise on credit for $1,940 plus sales tax of $97 to James Heimer, sales slip 243. 16 Purchased discontinued merchandise from Acme Jobbers; paid for it immediately with Check 611 for $5,120. 16 Received $510 on account from Marian Salib, a credit customer. 16 Issued Check 612 for $4,723.60 to A Fashion Statenent, a creditor, in payment of Invoice 9422 (54,820.00). less cash discount (596.40). 18 Issued Check 613 for $7,400 to Teresa Lojay as a withdrawal for personal use. 20 Bad cash sales of $13,500 plus sales tax of $675 during October 15-20. 22 Issued Check 614 to City Utilities for $1,492 to pay the monthly electric bill. 24 Sold merchandise on credit for $820 plus wales tax of $41 to Megan Greening, sales slip 244. 25 Purchand merchandise for $3,580 from Classy Threads, Invoice 3418, dated October 23, the terms are 2/10, n/30. 26 Issued Check 615 to Regional Telephone for $940 to pay the monthly telephone bill. 27 Had cash sales of $14,240 plus sales tax of $712 during October 22-27. 29 Received Credit Memorandun 175 for $430 from Classy Threads for detective goods that were returned. The original purchase was recorded on October 25. 29 Sold merchandise on credit for $3,450 plus sales tax of $172.50 to Amy Trinh. Sales Slip 245. 29 Recorded the October payroll. The records prepared by the payroll service show the following totals: earnings. $10,800; social security. 5702.00; Medicare, $162.00; income tax, $1,020; and net pay, $8.916. The excess withholdings corrected an error made in withholdings in September. 29 Recorded the employer's payroll taxes, which were caleulated by the payroll service social security, $702; Medicare, $162; federal unemployment tax, $118; and state unemployment tax, $584. This, too, reflects an understatement of taxes recorded in September and corrected in this month. 30 Purchased merchandise for $4,080 from Unique Styles, Invoice 5821, dated October 26; the terms are 1/10, 1/30. 31 issued Checks 616 through 619, totaling $8.916.00, to employees to pay October payroll. 31 Issued Check 620 for $525 to A+ Janitors for October janitorial services. 31 iad cash sales of $1,800 plus sales tax of $90 for October 29-31. ADJUSTXENTS 31 During October, the firm had net credit sales of $10,140. From experience with similar businesses, the previous Gountant had estimated that 1.0 percent of the firm's net credit sales would result in uncollectible accounts. 474 VOL562L dated October 26 the terms are LAU. 30. 31 Issued checks 616 through 619, totaling $8.916.00, to employees to pay October payroll. 31 Issued Check 620 for $525 to At Janitors for October janitorial services. 31 Had cash sales of $1,800 plus sales tax of $90 for October 29.-31. ADJUSTMENTS 31 During October, the tim had net credit sales of $10,140. From experience with similar businesses, the previous accountant had estimated that 1.0 percent of the firm's net credit sales would result in uncollectible accounts. Record an adjustment for the expected loss from uncollectible accounts for the month of October. 31 On October 31, an inventory of the supplies showed that items couting $2,740 were on hand. Record an adjustment for the supplies used in October. 31 on September 30, 20x1, the firm purchased a six-month insurance policy for $8,400. Record an adjustment for the expired insurance for October. 31 On October 1, 20x1, the firm signed a three-month advertising contract for $5,100 with a local cable television station and paid the full amount in advance. Record an adjustment for the expired advertising for October 31 on April 1, 20x1, the firm purchased equipment for $83,000. The equipment was estimated to have a useful life of five years and a salvage value of $12.500. Record an adjustment for depreciation on the equipment for October 31 Based on a physical count, anding merchandise inventory was determined to be $82,260. Required: Complete this question by entering your answers in the tabs below. Requirement Schedule of Schedule of Acets Rec Acets Pay Worksheet Income Statement Stmt of Equity Balance Sheet Adjusting and Closing Postclosing Prepare a statement of owner's equity for the month ended October 31, 20X1. (Round your answers to 2 decimal places.) THE FASHION RACK Statement of Owner's Equity For Month Ended October 31, 20X1 0.00 0.00 $ THE FASHION RACK Balance Sheet October 31, 20X1 Assets Current assets 0.00 Prepaid expenses 0.00 0.00 Total current assets Plant and equipment 0.00 Total plant and equipment Total assets Liability and Owner's Equity Current liabilities $ 0.00 Total liabilities Owner's equity 0.00 Total liabilities and owner's equity $ 0.00 To record the closure of Revenue Accounts and the Cost of Goods Sold Accounts with credit balances. Note: Enter debits before credits General Journal Debit Credit Date Oct. 31. 20X1 Record entry Clear entry View general Journal THE FASHION RACK Balance Sheet October 31, 20X1 Assets Current assets 0.00 Prepaid expenses 0.00 0.00 Total current assets Plant and equipment 0.00 Total plant and equipment Total assets Liability and Owner's Equity Current liabilities $ 0.00 Total liabilities Owner's equity 0.00 Total liabilities and owner's equity $ 0.00 To record the closure of Revenue Accounts and the Cost of Goods Sold Accounts with credit balances. Note: Enter debits before credits General Journal Debit Credit Date Oct. 31. 20X1 Record entry Clear entry View general Journal