Required information The following information applies to the questions displayed below.) Rocky owns and operates Balboa's Gym located in Philadelphia. The following transactions occur for the month cf 1. Oetober 2 Receive membership dues tor the month of oetober totaling $8,700 2. October 5 Issoe common stock in exchange for cash, $11,000 3.oetober 9 Purchase additional boxing equipment for $8,400, paying one-half of the anount in cash and issuing a 4. October 12 pav. 5 . October 12 Pay $1,200 for ote payable to the aeller for the other one-half due by the end of the year a rtising regarding a special menbership rate available during the month of s. October 19 Pay dividends to stockholders, 3,200. 6. Oetober 22 Pay liability i nsurance to cover aceidents to members for the sext six months, starting Oetobez 25 Novenber 1 8. October 30 Receive, but do not pay, utilities 1. October 25 Receive cash in advance tor Sovenber menberships, $5,800 9. oetober 31 Pay employees' salaries for the month, $7,500 bill for the month, $4,000 3. Assume the balance of cash at the beginning of October is $15,400. Post each cash transaction to the cash T-account 3 4 6 8 0