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craft a general journal 1 -Oct 3: Company B purchases Equipment for $5620 and pays cash. -Oct. 5 : Company B provides services for business

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1 -Oct 3: Company B purchases Equipment for $5620 and pays cash. -Oct. 5 : Company B provides services for business customers and bills them for $85,620 - Oct. 6: The bookkeeper pays $700 of the Accounts Payable - Oct. 7: Company B is sued by an irate customer and pays a legal firm 51,200 as a retainer (a down payment for future services). 5 -Oct. 11: Mattie receives a bill for $615 from Duke Power. 6 - Oct. 11: Company B receives $10,000 from accounts receivable. 7 -Oct. 11: The bookkeeper opens the mail and records receipt of the phone bill for $350. 8 -Oct. 12: The bookkeeper pays the electric bill. 9 - Oct. 14: The Board of Directors meets and decides to pay a dividend of $0.20 (last two digits of your student ID) per share. 10 - Oct. 17: The lawyer sends a statement showing $800 worth of legal charges. 11 -Oct. 18: The dividend checks are mailed. 12 -Oct. 25: Purchased 5% of the 300,000 shares of common stock of Company C for $2 per share. 13 Oct. 31: Maddie counts the supplies and realizes there are only $300 of supplies on hand. 14 -Oct. 31: The bookkeeper takes one month's depreciation on the equipment. It has a salvage value of $300 and a life of 3 years. 15 Oet. 31: Company Creported net income of $244,000 for the year and they declared and paid a $75,000 dividend

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