Brad Cupello began an upholstery cleaning business on October 1 and engaged in the following transactions during the month: Began business by depositing $15,000 in a bank account in the name of the corporation in exchange for 15,000 shares of $1 par value common stock. Ordered cleaning supplies, $3,000. Purchased cleaning equipment for cash, $2, 800. Made two months' van lease payment in advance, $1, 200. Received the cleaning supplies ordered on October 2 and agreed to pay half the amount in 10 days and the rest in 30 days. Paid for repairs on the van with cash, $1, 080. Received cash for cleaning upholstery, $960. Paid half the amount owed on supplies purchased on October 7, $1, 500. Billed customers for cleaning upholstery, $1, 340. Paid cash for additional repairs on the van, $80. Received $600 from the customers billed on October 21. Declared and paid a dividend of $700. Set up the following T accounts: Cash; Accounts Receivable; Cleaning Supplies; Prepaid Lease; Cleaning Equipment; Accounts Payable; Common Stock; Dividends; Cleaning Revenue; and Repairs Expense. Record transactions directly in the T accounts. Identify each entry by date. Prepare a trial balance for Cupello Upholstery Cleaning, Inc., as of October 31, 2010. Compare and contrast how the issues of recognition, valuation, and classification are settled in the transactions of October 7 and 9