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 $62,000 cash in the business.
	2		Paid October office rent of $3,100; issued Check 1001.
	5		Purchased desks and other office furniture for $13,800 from Office Furniture Mart, Inc.; received Invoice 6704 payable in 60 days.
	6		Issued Check 1002 for $3,300 to purchase art equipment.
	7		Purchased supplies for $1,650; paid with Check 1003.
	10		Issued Check 1004 for $480 for office cleaning service.
	12		Performed services for $4,200 in cash and $2,000 on credit. (Use a compound entry.)
	15		Returned damaged supplies for a cash refund of $280.
	18		Purchased a computer for $3,100 from Office Furniture Mart, Inc., Invoice 7108; issued Check 1005 for a $1,800 down payment, with the balance payable in 30 days. (Use one compound entry.)
	20		Issued Check 1006 for $6,900 to Office Furniture Mart, Inc., as payment on account for Invoice 6704.
	26		Performed services for $4,500 on credit.
	27		Paid $265 for monthly telephone bill; issued Check 1007.
	30		Received $3,800 in cash from credit customers.
	30		Mailed Check 1008 to pay the monthly utility bill of $340.
	30		Issued Checks 10091011 for $8,100 for salaries.

Required:

1. Journalize the above transactions.
2. Post the above transactions to the ledger accounts.

Analyze: What is the balance of account 202 in the general ledger?