CTOBER TRANSACTIONS 1. A new company started on October 1, 2021. Its name is Enjoy Haggis, Inc. 2. Co sold 1,000 shares of common stock for $10,000 on October 1. 3. Co. borrowed $90,000 from the bank on October 2. The terms are 5%payable semi-annually with the principal due in full five years out. 4. On October 4, this co bought trucks for $90,000 with $10,000 down andthe balance due with interest at 6% payable semiannually, plus a principalpayment of $5,000 every 6 months. 5. On October 5, the company purchased equipment for $70,000. The termsare 8% interest payable every 6 months and the principal balance due intotal in three years. 6. On October 6, the company signed a contract for product sales totaling$70,000 over the next 8 months. 7. Oct 6 -- Supplies of $3,000 were purchased on account. 8. Oct 7 - Liability Insurance for the next 12 months, was acquired for $5,000on account. 9. Oct 7 - Signed a contract with a major supplier totaling $35,000 coveringthe next 8 months. 10. Oct 8 - Inventory costing $40,000 was purchased on account andreceived by Oct 14. 11. Cash sales -- $10,000 products, $20,000 services 12. Credit sales -- $30,000 products, $30,000 services 13. Cost of goods sold was estimated at 50% of selling price 14. $30,000 rent paid for 6 months 15. Payroll - Gross $2,500, $300 deducted from payroll, $2,200 net paid 16. Utilities of $286 were incurred. $100 was paid currently, the balance is due next month 17. Also incurred $7,500 utilities not due until next month 18. Supplies - used $2,000 and paid $500 for additional supplies 19. Vehicle expenses of $914, incurred but not paid 20. Repairs of $914 incurred and not paid 21. Attorney fees of $5,000 due and unpaid 22. Collected $ 4,300 on accounts receivable 23. Paid $3,598 on accounts payable