Novak Corporation provides security services. Selected transactions for Novak are as follows. Oct. 1 Issued common stock in exchange for $66,200 cash from investors. 2 18 7 00 8 10 10 12 12 21 22 16 Hired part-time security consultant. Salary will be $1,920 per month. First day of work will be October 15. Paid one month of rent for building for $1.920. Purchased equipment for $18,950, paying $3,950 cash and the balance on account. Paid $860 for advertising. Received bill for equipment repair cost of $350. Provided security services for event for $3,420 on account. Purchased supplies for $405 on account. Paid balance due from October 7 purchase of equipment. 225 24 Received and paid utility bill for $145. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $5,360.