Alma Lee recently opened Almas Accountancy Services. During the first month of operations, the following transactions occurred. Oct 1 Stockholders invested $40,000 cash in the business in exchange for common stock. Oct 2 Paid $7,000 for three months rent for an office building. Oct 3 Paid $1,200 for a six month insurance policy. Oct 4 Purchased a $2,500 computer, paying $1000 in cash and the remainder on account. Oct 8 Received $1,000 cash from a customer for services performed. Oct 12 Received a pre-payment of $3,000 from a customer for future work. Oct 15 Paid $1,000 toward the computer purchased on October 4th. Oct 20 Paid $200 for newspaper advertising Oct 22 Performed $1,200 of work for client on Account. Oct 24 Paid $150 for electric bill Oct 29 Paid a $250 Dividend to Stockholders Oct 31 Received a $500 payment from customer billed on October 22nd. Journalize the October Transactions (list in Debit /Credit components)

Open Ledger accounts and post October transactions (T-Accounts) Prepare a trial balance as of October 31, 2023 Prepare an Income Statement, Statement of Retained Earnings and Balance Sheet *** This is your first month in operations, so there is no Beginning Retained Earnings