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On October 1st, 2022, Sonya Layne commences her own business, Layne Decorations. The following T-accounts represent the transactions posted to the relevant general ledger accounts

On October 1st, 2022, Sonya Layne commences her own business, Layne Decorations. The following T-accounts represent the transactions posted to the relevant general ledger accounts after the first month of operations.

Cash at Bank Decorating Supplies Expense

2/10/22 25,000

6/10/22 6,000

23/10/22 5,000

29/10/22 8,000

14/10/22 3,000

Accounts Receivable Rent Expense

12/10/22 12,000

23/10/22 5,000

Decorating Supplies Accounts Payable

6/10/22 6,000 14/10/22 3,000 29/10/22 8,000

5/10/22 10,000

Office Equipment Capital - S. Layne

5/10/22 10,000

2/10/22 45,000

Motor Vehicle Service Revenue

2/10/22 20,000

12/10/22 12,000

Required:

Analyse the above T-accounts and prepare the general journal entries, in date order, for the month of October. Narrations ARE required.

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