More info October 1 October 4 October 5 October 8 October 11 October 19 October 24 October 26 October 29 October 31 October 31 October 31 Prepaid insurance for October through December, $3,000. Purchased office furniture for cash, $6,000. Performed services and received cash, $1,600. Paid advertising expense, $100. Performed service on account, $2,500. Purchased computer on account, $2,000. Collected for October 11 service. Paid account payable from October 19. Paid salary expense, $1,200. Adjusted for October insurance expense (see October 1). Earned revenue of $500 that was collected in advance back in September. Recorded October depreciation expense on all fixed assets, $108. Kings Consulting had the following selected transactions in October: i (Click the icon to view the transactions.) Read the requirements. Amount of Revenue (Expense) for October Cash Basis Accrual Basis Date Revenue or (Expense) Revenue or (Expense) October 1 $ (3,000) $ 0 4 (6,000) 0 5 1,600 1,600 8 (100) (100) 11 0 2,500 19 0 24 2,500 0 26 (2,000) 0 29 (1,200) (1,200) 31