Courtland Cougars are a minor league hockey team owned and operated by Amna Persaud. October is the first month of operations for the team, with its first game on October 28.

Required Part 1: Record each of the transactions below in theT-account ledger.

After finishing the transactions, calculate and record the account balances.

 Part 2: Prepare a trial balance.

Transactions October:

1: Amna starts her business with a cash balance of $5 000, a team bus worth $40 000, and a bank loan of $10 000 (due in 2 years).

 3: Courtland Press issues an invoice to Amna for an advertisement in the local newspaper, $400.

 4 Made $15 000 in cash sales of season's tickets.

7:  Purchased $4 000 worth of food and drink to be sold during games from Fresh Concessions, on the account.

14:  Issued cheques to pay the office staff, $3 600. 

16 Paid $1 000 cash to the local television station to pay for advertising the first home game.

19: Amna took out $750 for personal use.

21: SCI Accountants, a successful accounting firm in the city, purchased $800 worth of tickets for the first game, to be paid for next month.

24: Paid $300 cash for gas for the team bus.

28: Issued a cheque for $2 100 to the local arena for rent.

 29: The week's sale of tickets for the opening game brought in $8 700 in cash.

29: Issued cheques for $9 800 to pay the players' salaries.

30: Made a $700 payment on the bank loan.

31: Paid $470 to Rogers Communications for office staff cell phones bill.