Record transactions, post to the Cash T-account, and prepare the statement of cash flows (LO4-7) The following information applies to the questions displayed below.J Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month of October October 2 Receive membership dues for the month of October totaling $7,700. October 5 Issuc common stock in exchange for cash, $12,000. October 9 Purchase additional boxing equipment for $8,800, paying onc-half of the amount in cash and the other onc-half on account duc by the end of the ycar. October 12 Pay $1,200 for advertising in October regarding a special membership rate available during the month of October. October 19 Pay dividends to stockholders, $3,600. October 22 Pay liability insurance to cover accidents to members for the next six months, starting November 1, S6,900. October 25 Receive cash in advance for November memberships, $4,800. October 30 Receive, but do will not pay in October, utilities bill for the month of October, $4,400. October 31 Pay employees' salaries for the month, $6,500