Prepare Journal Entries, Trial Balance, and Income Statements

Oct 1. Graham invested $90,000 cash, a 36,000 computer system, and $18,000 of office equipment in the business

Oct 2. Paid rent in advance $9,000

Oct 3. Purchased computer supplies oncredit for $ 2,640 from Abbott Office Products.

Oct 5. Paid $4,320 cash for one yesr's premium on a property and liability insurance policy

Oct 6. Billed Capital Leasing $6,600 for installing new computer

Oct 8. Paid for the computer supplies purchased from Abbott Office Products

Oct 10. Hired Carly Smith as a part0time asistanat for $200 per day, as needed

Oct 12. Billed Capital Leasing another $2,400 for computer services rendered

Oct1 15. Received $6,600 from Capital leasing on its account

Oct 17. Paid $1,410 to repair computer equipment damaged when movng to a new office

Oct 20. Paid $3,720 for and advertisement in the local newspaper

Oct 22. Received $2,400 from Capital Leasing on its account

Oct 28. Billed Decker Company $6,450 for services

Oct 31. Paid Carly Smith for seven days work

Oct 31. Withdrew $7,200 cash from the business for personal use

Nov 1. Reimbursed graham's business automobile expense for 1,000 kilometers at $1.00 per kilometer

Nov 2. Received $9,300 cash from Elite Corporation for computer services rendered

Nov 5. Purchased $1,920 of computer supplies for cash from Abbott Office Products

Nov 8. Billed Fostek Co. $8,700 for computer services rendered

Nov 13. Notified by Alamo Engineering Co. that Echo's bid of $7,500 for an upcoming project was accepted

Nov 18. Received $3,750 from Decker Company againts the bill dated October 28

Nov 22. Donated $1,500 to the United Way in the company's name

Nove 24. Completed work fr Alamo Engineering Co. and sent a bill for $7,500

Nov 25. Sent another bill to Decker Company for the past due amount of $2,700

Nov 28. Reimbursed Graham's business expense for $1,200 kilometers at $1.00 per kilometer

Nov 30. Paid Carly Smith for 14 days work

Nov 30. Withdrew $3,600 cash from the business for personal use