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Question 7 Not yet answered Marked out of 10.00 Flag question Alami Co made these transactions in the month of October 2021 October Paid $1000 cash on accounts payable Oct. 5: Collected $5,000 of accounts receivable Oct 10: Provided services for customers for $10,000, received $3,000 and the remaining on account Oct. 20: Purchased additional equipment for $20,000, paying $4,000 and the remaining on a note Oct 25: Collected $6,000 from customers for services that will be performed during November 2021 Oct. 30: Pald dividends of $1,000 1. Record the transactions in the general joumal (NO explanation required) (1 marks) 2. Which of the previous entries is a compound entry? And why? (1 mark) 3. Post ONLY the first TWO entries to the ledger accounts, noting that the balances of selected accounts at September 30 are as follows: 101 Cash $ 20,000 Oct. 30: Paid dividends of $1000. 1. Record the transactions in the general journal. [NO explanation required] (7 marks) 2. Which of the previous entries is a compound entry? And why? (1 mark) 3. Post ONLY the first TWO entries to the ledger accounts, noting that the balances of selected accounts at September 30 are as follows: 101 Cash :$ 20,000 110 Accounts Receivable : $ 8,000 201 Accounts Payable : $ 2,500 220 Notes Payable $5,000 Use the relevant account codes in posting. (2 marks) Paragraph B TEE 220 Notes Payable $5,000 Use the relevant account codes in posting. (2 marks) Paragraph 1. Record in the general journal Date Accounts Rat Debat Credit 2 G Path Paragraph B !!! 111 22 3. Post to ledger accounts Path