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Instructions: Journalize each transaction below Oct. 1: 1: Received $3,000 from a customer on account 1: Paid $5,000 in advance for insurance 2: Paid $14,400
Instructions: Journalize each transaction below Oct. 1: 1: Received $3,000 from a customer on account 1: Paid $5,000 in advance for insurance 2: Paid $14,400 in advance for rent 2: Paid $8,000 in advance for advertising 3: Purchased supplies totaling $7,500; paid 30% and remainder is on account 4: Paid creditor amount owed: $2,500 5: Received $8,000 for work to be performed at a future date 9: Performed services totaling $55,000; Received 15% and remainder is on account 11: Purchased a vehicle costing $55,000; Paid 20% and signed a note for the remainder 15: Purchased a building for $105,000 cash 29: Received $12,000 from customer from Oct. 9 transaction 30: Paid $2,000 of amount owed to creditor from October 3 transaction 31: Earned $1,500 from Oct. 5 transaction 31: Paid utilities, $2,300
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