Problem 4.2A ( Algo) Journalizing and posting transactions . LO - 1, 4 - 2, 4 - 3 On October 1, 20X1 , Helen Kennedy opened an advertising agency

Problem 4.2A (Algo) Journalizing and posting transactions. LO 4-1, 4-2, 4-3 On October 1, 20X1, Helen Kennedy opened an advertising agency. DATE TRANSACTIONS Oct. 1 Helen Kennedy invested $59,000 cash in the business. 2 Paid October office rent of $2,950; issued Check 1001. 5 Purchased desks and other office furniture for $14,900 from office furniture Mart, Inc.; received Invoice 6704 payable in 60 days. 6 Issued Check 1002 for $3,150 to purchase art equipment. 7 Purchased supplies for $1,500; paid with Check 1003 . 10 Issued Check 1004 for $590 for office cleaning service. 12 Performed services for $4,050 in cash and $1,850 on credit. (Use a compound entry.) 15 Returned damaged supplies for a cash refund of $390. 18 Purchased a computer for $2,950 from Office Furniture Mart, Inc., Invoice 7108; issued Check 1005 for a $1,725 down payment, with the balance payable in 30 days. (Use one compound entry.) 20 Issued Check 1006 for $7,450 to office Furniture Mart, Inc, as payment on account for Invoice 6704. 26 Performed services for $4,350 on credit. 27 Paid $320 for monthly telephone bill; issued Check 1007. 30 Received $3,650 in cash from credit customers. 30 Mailed Check 1008 to pay the monthly utility bill of $395. 30 Issued Checks 1009-1011 for 57,950 for salaries. Required: 1. Joumalize the above transactions. 2. Post the above transactions to the ledger accounts. Analyze: What is the balance of account 202 in the general ledger? Complete this questlon by entering your answers In the tabs below. Post the above transactions to the ledger accounts. Complete this question by entering your answers in the tabs below. Journalize the above transactions. Complete this question by entering your answers in the tabs below. What is the balance of account 202 in the general ledger