Prepare a j

Prepare a General Journal for the flwg:

1Oct-Borrowed $23,980 through a 3-year bank loan to provide the desired business liquidity.

1Oct-Paid three months' rent on a lease rental contract $6,350

1Oct - Received $13,000 cash and $2,000 supplies from Sally's investment of $15000 in her start-up

1Oct- Purchased a $12,000 office equipment from OfficeTen of which $10,000 was paid in cash and $2000 on credit

4Oct-Paid $3,950 premiums for a business insurance policy.

8Oct-Received $3,600 cash payment for training services provided to ProTop.

11Oct-Completed $4,890 consulting services for JovBiz. Amount is to be received within 120 days.

12Oct-Received $ 7,360 cash from DriMax for training services to be provided in Dec.

15Oct-Paid $350 cash for a mobile advertisement.

17Oct-Paid part-time assistant for 2 weeks' salary $1,450.

18Oct-Paid $940 cash for supplies.

22Oct-Received cash $1,410 from JovBiz as partial payment for work completed on 11 Oct.

25Oct-Paid $240 taxes to the authorities in cash.

27Oct-Cash withdrawal $2,390 by Sally to pay for her expense.

28Oct-Paid OfficeTen $1,310 as part of the debt incurred on 1 Oct

31Oct-Supplies used in Oct is $630.

31Oct-Recorded depreciation of office equipment for Oct using straight-line depreciation. The equipment has an estimated useful life of 50 months. The company expects to sell it for $1,000 at its end of life.

31Oct-Paid $200 interest in cash to bank for the loan that the company took on 1 Oct.

31Oct-Rent expired in Oct is $1,860.

31Oct-Insurance expired in Oct is $340.

Balance Sheet As at 310ct 2020 Date Debit Credit Account 1-Oct