FINANCIAL ACCOUNTING TEST#LB NAME PROBLEM#1 DIRECTIONS: Using the form provided, journalize the following transactions for the Carter Company. Remember to put in the date correctly, debits go first and are the one, and credits are second and indented slightly Use the Chart of Accounts given after the transactions. WRITE LEGIBLY!! Oct 4 Investors purchase $75,000 worth of stock in our company-for cash. Oct 5 Mr. Carter purchased, on account, $12,000 worth of office equipment from Wayan Supply. Oct 5 Mr. Carter paid $2,000 for this month's rent. Oct 7 Mr. Carter purchased $900 worth of office equipment for cash. Oct 10 Mr. Carter finished a project ($7,200) for Sai Vang. Ms. Vang promises to pay Mr. Carter later this month. Oct 28 Mr. Carter paid Wayan Supply $600 for the office equipment Oct 29 Mr. Carter received $8,500 for work performed for a client. Oct 14 The company paid $4,000 in dividends. purchased on October 5th Oct 30 Ms. Vang pays $5,000 to Mr. Carter for the work that he did for her on October 10th ACCOUNTS TO BE USED Cash Accounts Receivable Office Equipment Accounts Payable Common Stock Dividends Professional Fees Rent Expense