Prepare in good form the journal entries for the month of October for Montrose Co. (explanations are not required) 10/1 Gina Montrose invested $15,000 to start the business, Montrose Co. 10/2 Paid $2,000 rent for the month of October. 10/3 Purchased and paid for a 12-month insurance policy at a cost of $1,800. 10/5 Purchased $300 of supplies on account from C Co. 10/8 Provided $2,000 of service to A Co. Collected $500 and the balance on account. 10/11 Collected $1,00 cash advance from B Co. for service to be provided in November. 10/12 Hired two employees. They will be paid $1,250 each, every other Friday. First payroll date on 10/26. 10/15 Purchased equipment with a cost of $5,000 from D Co. Paid $2,000 and signed a 6-month 5% note for the balance. 10/18 Paid $300 owed to C Co. 10/20 Montrose withdrew $500 from the business for personal use. 10/23 Collected $1,500 due from A Co. 10/26 Paid salaries for the two-week pay period $2,500. 10/30 Received utility bill, $200, due by November 10th. -1-