Assignment #2: For the Month of October (4 points) In proper General Journal format, record the transactions for the month; include descriptions of each transaction with your journal entry. Use only the accounts shown in the chart of accounts. Post the journal entries for the month to the general ledger accounts, use appropriate posting references. Prepare a trial balance at the end of the period ending October 30. o Using proper format, create your trial balance in Microsoft Excel. Do not use any trial balance templates. Include all accounts from the chart of accounts. Even those with zero balances. Your accounts in the trial balance should be in the exact order shown in the chart of accounts.

10/1 You paid the monthly office rent of $500 by issuing check # 104.

10/2 You received and paid the bill from the Apple Store by issuing check #105.

10/4 You make the first monthly payment to Pig E Banks by issuing check #106.

10/5 Igotta Troubles came to your office looking for assistance with cleaning up her accounting problems. You agree to assist her and agree upon an Engagement Fee of $2,000 plus an hourly charge of $250 for Hourly Accounting Services to be billed on the 15^th and 30^th of each month with payment due in 15 days. Igotta writes you a check for the engagement fee in the amount of $2,000 in payment of invoice #5.

10/5 You issued check #107 to Mandi Handi for the September payroll.

10/7 You received a check from Red Fische in full payment of invoice #3.

10/9 You decide that it is time to purchase a business cell phone. You visit the Apple store and purchase an Iphone 7 for a total purchase price of $849. You pay for the phone by issuing check #108.

10/12 You issued check #109 to Max Power and check #110 to WaterWorks #1 in payment of September utility bills.

10/14 You sent invoice to #6 to Igotta Troubles for 25 hours of Hourly Accounting Services, terms 1/10, n30.

10/16 You paid the fuel bill from Get n Go for the fuel purchased on 9/22 by issuing check #111.

10/18 Ima Payne comes to you needing assistance with depositing the monthly payroll taxes for her business. You perform this service and hand her invoice #7 in the amount of $500 for Tax Services. Ima pays you in cash.

10/20 You received a check from Cooking For You in full payment of Invoice #4.

10/25 You Accounting Corp. declared and paid dividends of $4 per share to its shareholders of record. The dividends are paid by issuing check #112.

10/30 You sent the following invoices, terms 1/10, net 30:

#8 to Igotta Troubles for 10 hours of Hourly Accounting Services

#9 to Red Fische for Monthly Accounting Services, and

#10 to Cooking For You for Monthly Accounting Services.

10/30 You accrued interest on the Pig E. Bank note. Accrue interest based on the number of days in the month.

10/30 You computed and accrued the payroll for October.

10/30 You received monthly bills for the following:

Max Power Company - $200, terms n/30

WaterWorks #1 - $20, terms n/30

Great Coverage Cellular - $50, terms n/3

CHART OF ACCOUNTS

Cash	105
Petty Cash	107
Accounts Receivable	110
Supplies on Hand	130
Prepaid Insurance	140
Computer Equipment	220
Accumulated Depreciation Computer Equipment	221
Cell Phone	230
Accumulated Depreciation Cell Phone	231
Vehicles	240
Accumulated Depreciation - Vehicles	241
Accounts Payable	310
Customer Deposits (Unearned Revenue)	320
SUTA Payable	330
FICA Payable	332
FUTA Payable	334
Federal Income Tax Payable	336
State Income Tax Payable	338
Current Maturities of Long-Term Debt	375
Notes Payable (long-term)	410
Interest Payable	420
Salaries Payable	425
Common Stock ($2 par value)	520
Additional Paid-in Capital on Common Stock	521
Retained Earnings	550
Dividends	560
Engagement fees	605
Monthly Accounting Services Revenue	610
Hourly Accounting Services Revenue	620
Tax Services Revenues	612
Sales Discounts	614
Advertising & Promotion Expense	725
Depreciation Expense	727
Rent Expense	730
Insurance Expense	735
Supplies Expense	740
Meals & Entertainment	745
Taxes and Licenses	767
Telephone Expense	770
Utilities Expense	775
Fuel Expense	780
Interest Expense	820
Payroll Tax Expense	825
Salaries Expense	830
Income Summay	900