On October 1, 20X1, Helen Kennedy opened an advertising agency. DATE TRANSACTIONS Oct. 1 Helen Kennedy invested $59,000 cash in the business. 2 Paid October office rent of $2,950; issued Check 1001 . The company used the Prepaid Rent account. payable in 60 days 6 Issued Check 1002 for $3,150 to purchase art equipment. 7 Purchased supplies for $1,500; paid with Check 1003 . 10 Issued Check 1004 for $590 for office cleaning service. 12 Performed services for $4,050 in cash and $1,850 on credit. (Use a compound entry.) 15 Returned damaged supplies for a cash refund of $390. down payment, with the balance payable in 30 days. (Use one compound entry.) 20 Issued Check 1006 for $7,450 to Office Furniture Mart, Inc., as payment on account for Invoice 6704 . 26 Performed services for $4,350 on credit. 27 Paid \$320 for monthly telephone bill; issued check 1007. 30 Received $3,650 in cash from credit customers. 30 Mailed Check 1008 to pay the monthly utility bill of \$395. 30 Issued Checks 1009-1011 for $7,950 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? On October 1, 20X1, Helen Kennedy opened an advertising agency. DATE TRANSACTIONS Oct. 1 Helen Kennedy invested $59,000 cash in the business. 2 Paid October office rent of $2,950; issued Check 1001 . The company used the Prepaid Rent account. payable in 60 days 6 Issued Check 1002 for $3,150 to purchase art equipment. 7 Purchased supplies for $1,500; paid with Check 1003 . 10 Issued Check 1004 for $590 for office cleaning service. 12 Performed services for $4,050 in cash and $1,850 on credit. (Use a compound entry.) 15 Returned damaged supplies for a cash refund of $390. down payment, with the balance payable in 30 days. (Use one compound entry.) 20 Issued Check 1006 for $7,450 to Office Furniture Mart, Inc., as payment on account for Invoice 6704 . 26 Performed services for $4,350 on credit. 27 Paid \$320 for monthly telephone bill; issued check 1007. 30 Received $3,650 in cash from credit customers. 30 Mailed Check 1008 to pay the monthly utility bill of \$395. 30 Issued Checks 1009-1011 for $7,950 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