Prepare journal entries to record the following transactions for October: 1 2 5 15 21 30 Received $75,000 from investors in exchange for shares of the company. Purchased supplies on account totaling $2,000. Performed services for customers for cash of $5,000. Paid $12,000 the annual insurance policy which provides coverage starting November 1 for the nex year. Paid salaries of $3,500. Paid for the supplies purchased on October 2. Performed services for customers on account for $6,500. Paid rent of $4,800 for October. Received a $2,000 deposit from a customer for work to be performed in November.