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Transactions: Oct. 2 Magnusson began the company with an investment of $52,000 cash and a food truck valued at $32,000. The business gave Magnusson owner's equity in the business. 6 Paid $9,600 cash for custom food service equipment. 7 Purchased supplies on account, $15,000. 17 Received $4,400 cash for a catering at a street festival. 18 Catered to bands at a music festival and received payment on account, $9,800. 19 Paid employees' salaries for work on weekend, $3,300 cash. 24 Paid $11,600 cash as a partial payment for the supplies purchased on October 7. Received a $3,200 bill for advertising expense that will be paid in the near future. 28 Received cash on account, $3,000. 26 29 Paid the following expenses with two separate cheques: 1. BBQ rental, $4,200. 2. Insurance, $2,400. Magnusson withdrew $20,000 cash for personal use. 31 Grading: 12 journal entries @ 2 marks each - 24 marks 13 T- accounts @ 1 marks each - 13 marks Trial Balance - 3 marks TOTAL = 40 marks