Menu B September Transactions Chart of Accounts C 1-Journal Entries Chal During its first month of operation, the Plumbing Repair Company, which, specializes in plumbing repair services, completed the following transactions. Date September 1 September 1 September 2 September 5 September Transactions Transaction Description Started a plumbing repair business by making a $100,000 deposit in a company bank account, in exchange for 20,000 shares of $5 par value common stock. Purchased insurance for the year and paid $3,000 cash. Paid monthly rent with $3,500 cash on a warehouse to store the plumbing equipment. Purchased plumbing equipment for $25,000, making a $5,000 down payment and placing $20,000 on account. September 6 September 7 September 10 September 12 September 15 September 23 September 25 September 28 September 30 September 30 September 30 Purchased supplies for $2,000 on account. Paid $750 cash for advertising in local newspapers. Received $15,000 in cash for plumbing services provided. Paid $5,000 for plumbing equipment previously purchased on account on September 5th. Provided plumbing services on account for $2,500. Received $22,000 in cash for plumbing services provided. Received $1,500 cash for plumbing services performed on account on September 15th. Paid $500 cash for a utility bill. Paid cash dividends of $1,000. One month's insurance expired. The inventory of supplies showed a balance of $1,200 on hand at the end of the month.