Oct 1. Sarah Lopez established Sarahs Beauty Parlor, Inc. by incorporating and investing $2,500 in exchange for 250 shares of $10 par value common stock. Oct 2. Paid 2 months Insurance in advance of $1,680. Oct 3. Purchased supplies on account, $120. Oct 4. Received cash for salon services, $700. Oct 5. Paid for supplies purchased in Oct 3. Oct 5. Paid rent for current month, $500. Oct 6. Received and paid utility bill, $72. Oct 8. Declared and paid a dividend of $100. Create journal entries for all business transactions. Create T Accounts and a Trial Balance.