Problem $4\mathrm{.}2$A $($Algo$)$ Journalizing and posting transactions. LO $4-1,4-2,4-3$

On October $1,20$X$1,$ Shonna Pumphrey opened an advertising agency.

DATE TRANSACTIONS

October $1$ Shonna Pumphrey invested $$53,000$ cash in the business.

October $2$ Paid October office rent of $$2,650$; issued Check $1001.$

October $5$ Purchased desks and other office furniture for $$14,300$ from Hudson$$s Furniture; received Invoice $4067$ payable in $60$ days.

October $6$ Issued Check $1002$ for $$2,850$ to purchase art equipment.

October $7$ Purchased supplies for $$1,200$; paid with Check $1003.$

October $10$ Issued Check $1004$ for $$530$ for office cleaning service.

October $12$ Performed services for $$3,750$ in cash and $$1,550$ on credit. $($Use a compound entry.$)$

October $15$ Returned damaged supplies for a cash refund of $$330.$

October $18$ Purchased a computer for $$2,650$ from Tolliver$$s Office Supply, Invoice $8017$; issued Check $1005$ for a $$1,575$ down payment, with the balance payable in $30$ days. $($Use one compound entry.$)$

October $20$ Issued Check $1006$ for $$7,150$ to Hudson$$s Furniture as payment on account for Invoice $4067.$

October $26$ Performed services for $$4,050$ on credit.

October $27$ Paid $$290$ for monthly telephone bill; issued Check $1007.$

October $30$ Received $$3,350$ in cash from credit customers.

October $30$ Issued Check $1008$ to pay the monthly utility bill of $$365.$

October $30$ Issued Checks $10091011$ for $$7,650$ for monthly salaries.

Required:

Journalize the above transactions.

Post the above transactions to the ledger accounts.

then Analyze:

What is the balance of account $202$ in the general ledger?