JOURNAL ENTRIES Bill Rackes opened a bicycle repair shop. Journalize the following transactions that occurred during the month of October of the current year. Use the modified cash basis and a combination journal with special columns for Repair Fees (credit) and Wages Expense (debit). Prove the combination journal.

Oct. 1 Invested cash in the business, $15,000.

2 Paid shop rental for the month, $300.

3 Purchased bicycle parts on account from Tracker’s Bicycle Parts, $2,000.

5 Purchased office supplies on account from Downtown Office Supplies, $250.

8 Paid telephone bill, $38.

9 Received cash for services, $140.

11 Paid for a sports magazine subscription (miscellaneous expense), $15.

12 Made payment on account for parts previously purchased, $100.

14 Paid part-time help, $300.

15 Received cash for services, $350.

16 Paid electricity bill, $48.

19 Received cash for services, $250.

23 Withdrew cash for personal use, $50.

25 Made payment on account for office supplies previously purchased, $50.

29 Paid part-time help, $300.