S Book Hint Print ferences Exercise 4.7 (Algo) Compound journal entries. LO 4-2 The following transactions took place at the Townsend Employment Agency during October 20X1. DATE TRANSACTIONS October 4 Performed services for Executive Placement, Incorporated, for $37,000; received $17,500 in cash and the client promised to pay the balance in 60 days. October 17 Purchased equipment for $410 and some supplies for $560 from Office Depot; issued Check 1008 for the total. October 22 Received Invoice 1602 for $1,950 from Auto Max Repair Shop for repairs to the firm's automobile; issued Check 1009 for half the amount and arranged to pay the other half in 30 days. Prepare journal entries for the above transactions.

Exercise 4.7 (Algo) Compound journal entries. LO 4-2 The following transactions took place at the Townsend Employment Agency during October 20X1. DATE TRAMSACTIONS October 4 Perforned services for Executive Placement, Incorporated, for $37,000; received $17,500 in cash and the cllent promised to pay the balance in 60 days. October 17 Purchased equiptent for $410 and some supplies for $560 from office Depot; issued Check 1008 for the total. october 22 Received Invoice 1602 for $1,950 from Auto Max Repair Shop for repairs to the firm's autonob1le: issued Check 1009 for half the anount and arranged to pay the other half in 30 days. Prepare journal entries for the above transactions