Katie CPA's completed the following transactions during October 2016. All entries need to be entered in the general journal. Date Transaction 10/1 Borrowed $96,000 from State Bank by signing a 24-month, zero-interest-bearing $108,000 note. 10/1 Enter into a franchise agreement with National CPA. The franchise agreement expires on September 30, 2022. Paid $72,000 in cash for the franchise rights. 10/1 Paid cash for a high-speed printer costing $10,000. Estimated life is 5 years. 10/3 Billed clients $9,000 for work performed prior to 9/30 which was accrued at 9/30/16. A. $5,000 JJ Co. B. $4,000 Daulton Inc. 10/5 Paid employee salaries of $14,000 for the work performed in September and accrued at 9/30/16 10/6 Made a purchase of $4,000 for office supplies on account. 10/6 Collected $15,500 from clients previously billed. A. $6,500 JJ Co. B. $9,000 -Star Co. 10/13 Paid payroll taxes related to payroll accrued at 9/30 and paid on 10/5. 10/15 Billed customers $26,000 for services performed in September. A. $5,000 Daulton Inc. B. $9,000 Roxie Inc. C. $12,000-Star Co. 10/19 Paid employee salaries of $16,000 for work performed during October. A. Include employer payroll taxes due of 10% of salaries. 10/20 Paid $3,000 rent for the month of October. 10/25 Paid $4,000 for marketing expense incurred during October