Please make journal entries for the following events: 6) On October 23rd, REI purchased and paid cash for office supplies costing $2,350. 7) On October 31st, REI received and paid $425 for the telephone bill for the month of October. 8) On October 31st, REI also received and paid $570 for the utility bill for the month of October. 9) On the advice of a brilliant financial accounting student who was a good friend of Ellas, REI decided it was better off to purchase a building rather than continue renting. On November 1st, REI got out of the warehouse and office rental agreement at no cost to REI. REI received a cash refund for all amounts prepaid and not used up as of November 1st, 2018. They found a building to purchase at a total cost of $200,000, which contained an office and warehouse space for REIs inventory. The cost was all for the building (i.e. no land allocation). REI did not have the money to finance this purchase, so they borrowed $200,000 from the bank by signing a 10-year installment note. The bank placed a loan covenant on the note requiring REI to have a debt-toequity ratio no larger than 1.1 at any fiscal year end. The installment note has an annual interest rate of 5.5% and monthly blended payments are due at the end of every month starting November 30. (Hint: Use an amortization table to calculate the monthly blended payments.) The building is expected to last 40 years and REI felt it was appropriate to depreciate the building using the straight-line method. 10) REI felt it should once again build up its current inventory levels, thus On November 3rd, they purchased on account 500 DoorSpy units at $60 each. The increased cost was due to an increase in the cost of materials to manufacture the DoorSpy, and EDL was passing this additional cost onto REI.