1. Analyze each transaction below and record it in the general journal.

(the numbers are days of the month)

1 You contribute $21,491 for 100 shares of common stock in the new company.

1. Nassir Patels contribution to the business is $2,180 due on existing customer receivable accounts, $10,200 of new equipment. He receives 100 shares of common stock for this contribution.
2. Paid $9,900 for next 6 months of rent by issuing Cheque 1008.

2 Purchase supplies for $1,500. Cheque 1009.

7 Provided services for $6,322 in cash and $745 on credit during the first week of October.

9 Purchased a one-year insurance policy for $4,800; issued Cheque 1010 to pay the full amount in advance.

11 Collected a total of $395 on account from credit customer (related to October 7 sales ignore subsidiary ledger).

12 Issued Cheque 1011 for $431 to pay for advertising on the local radio station during the month.

13 Collected a total of $500 on account from credit customers during the second week of October (ignore subsidiary ledger).

14 Returned some supplies that were damaged for a cash refund of $40.

15 Provided services for $8,500 in cash and $400 on credit during the second week of October.

18 Purchased supplies for $800 from Fellowes, Inc. received Invoice 3284, payable in 30 days.

19 Provided services for the $3,890 in cash and $2,560 on credit during the third week of October.

20 Collected a total of $750 on account from credit customers during the third week of October (ignore subsidiary ledger).

21 Issued Cheque 1012 for $1,390 to pay for maintenance work on the office equipment.

22 Issued Cheque 1013 for $164 to pay for October advertisements in the local newspaper.

23 Received the monthly telephone bill (current month usage) for $234 and paid it with Cheque 1014.

23 Collected a total of $1,560 on account from credit customers during the fourth week of October (ignore subsidiary ledger).

26 Sent Cheque 1016 for $235 in payment of the monthly bill for utilities.

27 Provided services for $5,890 in cash and $675 on credit during the fourth week of October.

28 Issued Cheques 1017-1022 for $5,886 to pay the monthly salaries of the regular employees and three part-time workers.

30 Issued Cheque 1023 for $415 to pay for cleaning services (i.e. Maintenance Expense) for the month.

30 Purchased additional equipment for $6,000 from Master Equipment Company; issued Cheque 1024 for $1,300 and negotiated a loan (i.e. Note Payable) for the remainder. The equipment has a five-year life and no salvage value.

30 Received advance payment for tax work for new clients in the amount of $2,725.

30 Provided services for $545 in cash and $325 on credit on October 30.