During October, the following transactions were completed by Trout Company, a new business started on October 1, 2015. October 1 Sold 30,000 shares of $10 par value stock for $300,000 cash. 1 Purchased equipment for $42,000, paying $14,000 cash, charging the balance on account. Oct 3 Purchased office supplies for $2,000 on account. Oct 5 Paid $1,200 cash for 1-year insurance policy effective October 1. Use the account Prepaid Insurance to record this asset. Oct 12 Billed customers $12,000 for professional services. Oct 1818 Paid $15,000 cash on amount owed on equipment and $ 500 on amount owed on office supplies. Oct 20 Paid $5,000 cash for employee salaries. Oct 21 Collected $5,000 cash from customers billed on October 12. Oct 25 Billed customers $8,000 for professional services. Oct 31 Paid $600 for the monthly utilities for the office. Oct 31 Paid cash dividend of $.50 per share to shareholders 1. Journalize the Transactions, omitting explanations 2. Create T Accounts on a paper you will not submit to accumulate information for the remaining requirements of this problem The following additional information is provided for your use before preparing the income statement: Unbilled and uncollected revenue for services performed as of October 31 is $4,000. Depreciation on equipment for the month was $300. An inventory count shows $200 of office supplies on hand at October 31. Accrued but unpaid employee salaries were $3,000 (the salaries have not yet been recorded). 3. Prepare any necessary journal entries to record the above adjustments 4. Prepare any additional journal entries to properly record expenses, assuring the balance sheet accounts will be properly presented. 5. Prepare the appropriate closing entries for the month of October, 2015. 6. Update your T Accounts on the paper you will not submit 7. Prepare the Income Statement, for the month ending October 31, 2015. 8. Prepare the Statement of Owners Equity for the month ending October 31, 2015 9. Prepare the Classified Balance Sheet for October 31, 2015.