On October 1, 20X1, Helen Kennedy opened an advertising agency. DATE TRANSACTIONS Oct. 1 Helen Kennedy invested $70,000 cash in the business. 2 Paid October office rent of $3,500; issued Check 1001 . The company used the Prepaid Rent account. 5 Purchased desks and other office furniture for $13,000 from office Furniture Mart, Inc.; received Invoice 6704 payable in 60 days. 6 Issued Check 1002 for $3,700 to purchase art equipment. 7 Purchased supplies for $2,050; paid with Check 1003 . 10 Issued Check 1004 for $400 for office cleaning service. 12 Performed services for $4,600 in cash and $2,400 on credit. (Use a compound entry.) 15 Returned damaged supplies for a cash refund of $200. 18 Purchased a computer for $3,500 from Office Furniture Mart, Inc., Invoice 7108; issued Check 1005 for a \$2,000 down payment, with the balance payable in 30 days. (Use one compound entry.) 20 Issued Check 1006 for $6,500 to office Furniture Mart, Inc., as payment on account for Invoice 6704 . 26 Performed services for $4,900 on credit. 27 Paid \$225 for monthly telephone bill; issued Check 1007. 30 Received $4,200 in cash from credit customers. 30 Mailed Check 1008 to pay the monthly utility bill of $300. 30 Issued Checks 1009-1011 for $8,500 for salaries. Required: 1. Journalize the above transactions. 2. Post the above transactions to the ledger accounts. Analyze: What is the balance of account 202 in the general ledger