On October 1, 2020, Elton Worth organized a computer service company called Elton Systems. Elton is organized as a sole proprietorship and will provide consulting services, computer system installations, and custom program development. Elton has adopted the calendar year for reporting, and expects to prepare the company's first set of financial statements as of December 31, 2020. The initial chart of accounts for the accounting system includes these items: couldnt find answers to 2 and 3: -

2. Prepare journal entries to record each of the following October transactions. 3. Post the October entries.