Item Date Transaction

$11-$Oct Stockholder invest $$100,000$ cash in an advertising venture to be known as Pioneer Advertising Agency Inc

$21-$Oct Pioneer purchases office equipment costing $$50,000$ by signing a $3-$month $12\%$ $$50,000$ note payable

$32-$Oct Pioneer Advertising receives a $$12,000$ cash advance from R Knox, a client for adverting services that are expected to be completed by December $31.$

$43-$Oct Pioneer Advertising pays $$9000,00$ office rent, in cash, for October

$54-$Oct Pioneer Advertising pays $$6,000$ for one$-$year insurance policy that will expire next year on September $30.$

$65-$Oct Pioneer Advertising purchases, for $$25,000$ on account, an estimated $3-$month supply of advertising materials from Aero Supply

$79-$Oct Pioneer Advertising signs a contract with a local newspaper for advertising inserts to be distributed starting the last Sunday in November.

Pioneer will start work on the content of the flyers in November. Payment of $$7,000$ is due following delivery of the Sunday papers containing the flyer

$820-$Oct Pioneer Advertising's board of directors declares and pays a $$5,000$ cash dividend to stockholders.

$926-$Oct Pioneer Advertising pays employee salaries and wages in cash. Employees are paid once a month every four weeks. The total payroll is $$10,000$ per week, or $$2,000$

per day. I October, the pay period began on Monday, October $1.$ As a result, the pay period ended on Friday, October $26,$ with salaries and wages of $$40,000$ being paid.

$1031-$Oct Pioneer Advertising receives $$28,000$ in cash and bills Copa Company $$72,000$ for advertising services of $$100,000$ provided in October.

CR

$100000$