Exercise 2-5 Analyzing transactions LO3,5 William Curtis is a personal finance expert and owns Mu ations and William has hired you to do his account a. On October 2, William Curtis invested $32. b. On October 4, purchased $925 of office supplies for oney Consulting. This is his first month of oper his accounting. I ne onowing transactions are for the month of sted $32,600 cash into his business. e supplies for cash. of October c. On October 6, purchased $13,600 of office equipment on credit. d. On October 10, received $3,000 cash as revenue for being a guest on the TV show CityTalk e. On October 12, paid for the office equipment purchased in transaction (c). f. On October 16, billed a customer $5,400 for delivering a corporate workshop on smart investing. g. On October 18, paid October's rent for the downtown office with $3,500 cash. h. On October 26, collected all cash for the account receivable created in transaction (t). i. On October 31, withdrew $5,000 cash from the business for a trip to Hawaii Required for each transaction. (1) complete the analysis. (2) determine the journal entry analysis, and (3) record the journal entry. Use the template below. Transaction (a) has been completed for you. Analysis Assets increase. Equity increases. Journal entry analysis Debit the Cash account for $32,600 Credit the William Curtis, Capital account for $32,600 Journal Entry Date Account Titles and Explanation Debit Credit Oct. 2 Cash...................... .. . . . 32,600 William Curtis, Capital 32,600 Investment by owner. Continue