DATE

TRANSACTIONS

Helen Kennedy invested $61,000 cash in the business.

2

Paid October office rent of $3,050; issued Check 1001.

5

Purchased desks and other office furniture for $13,900 from Office Furniture Mart, Inc.; received Invoice 6704 payable in 60 days.

6

Issued Check 1002 for $3,250 to purchase art equipment.

7

Purchased supplies for $1,600; paid with Check 1003.

10

Issued Check 1004 for $490 for office cleaning service.

12

Performed services for $4,150 in cash and $1,950 on credit. (Use a compound entry.)

15

Returned damaged supplies for a cash refund of $290.

18

Purchased a computer for $3,050 from Office Furniture Mart, Inc., Invoice 7108; issued Check 1005 for a $1,775 down payment, with the balance payable in 30 days. (Use one compound entry.)

20

Issued Check 1006 for $6,950 to Office Furniture Mart, Inc., as payment on account for Invoice 6704.

26

Performed services for $4,450 on credit.

27

Paid $270 for monthly telephone bill; issued Check 1007.

30

Received $3,750 in cash from credit customers.

30

Mailed Check 1008 to pay the monthly utility bill of $345.

30

Issued Checks 1009–1011 for $8,050 for salaries.