Exercise 1 At the first of Oct. C. Byrd,invest $10000lin a new Advertising Agency. The following transaction occurred during the month. On Oct. 1, Purchase office equipment of $5000), he issued 3-months note payable. 2 Received cash for future services of $1200. 3 Paid rent for cash $900. Paid one-year polic,effective date Oct. 1. of $600 pre paid 5 Purchase supplies on account of $2500. qal da 20 C. Byrd withdrew cash for personal use of $500. 26 paid salaries of $4000 cash 31 Received cash for services of $10000. Instructions a) prepare journal entries b) post the journal entries to T accounts c) Prepare a trial balance )Led er er d) Prepare financial statements