Assets =	Liabilities +	Equity

The following events occured during the month of October.

1. Performing consulting Job #1 and was paid $500. 2. Perfromed consulting Job #2 and billed customer for $400. 3. Received an advance payment of $300 on Job #3. Work will begin in November. 4. Paid assistant $1,000 for the first half of the month's work. 5. Received utility bills for the month of October totaling $250. 6. Made a pyayment of $1,200 to the bank. $200 of the payment is to cover October interest on the load, with the remainder going to principal.

Record transactions in the month of October in assets, liabilities and equity. The accounting equation must always balance.