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Mike Industries' operations for the month of October are summarized as follows: 1. Provided $2,500 of services on account. 2. Paid $5,250 on salaries and
Mike Industries' operations for the month of October are summarized as follows: 1. Provided $2,500 of services on account. 2. Paid $5,250 on salaries and wages for the month of October 3. Received $2,000 cash for services provided in October. 4. Received $500 cash for services to be provided in November. 5. Received $1,500 cash on account for service provided in September. 6. Purchased machinery for cash of $1,500. 7. Paid September's warehouse rental bill on account in the amount of $500. 8. Received October's rental bill of $750; set it aside. Required: Prepare journal entries to record the transactions identified among activities (1) through (6 (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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