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.

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Oct. 1 Invested cash in the business, $15,000. 2 3 5 Paid shop rental for the month, $300. Purchased bicycle parts on account from Tracker's Bicycle Parts, $2,000. Purchased office supplies on account from Downtown Office Supplies, $250. 8 Paid telephone bill, $38. 9 Received cash for services, $140. 11 12 14 Paid for a sports magazine subscription (miscellaneous expense), $15. Made payment on account for parts previously purchased, $100. 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 29 Made payment on account for office supplies previously purchased, $50. Paid part-time help, $300.