The Accounting Cycle Steps The following transactions were for Lacey Company for October, 2019. Oct. 1 Paid $300 rent for the month of October. 5 Received $1,300 in cash from customers for accounts receivable due. 6 Purchased additional equipment for $1,400 paying $400 cash and the rest on account. 10 Billed customers for services performed $5,100. 15 Paid employee salaries and wages $1,200. 17 Performed $600 of services for cash. 20 Paid $1,900 to creditors for accounts payable due. 31 Recorded invoice received for utilities of $120 to be paid the next month. Instructions (a) Journalize the transactions, in good form, on the General Journal provided. (33 points) (b) Post transactions to the ledger accounts. The September ending balances have been entered for you. (17 points) (c) Prepare a trial balance on October 31, 2019 on the trial balance template provided, in good form. (15 points) (c) Post to general ledger Account Name Cash 101 F Debit Credit Date Oct 1 Description Beginning Balance Balance 21,300 Account Name Accounts Receivable 120 F Debit Credit Date Oct 1 Description Beginning Balance Balance 2,600 Account Name Equipment 140 + F Debit Credit Date Oct 1 Description Beginning Balance Balance 8,000 Account Name Accounts Payable 210 F Debit Credit Date Oct 1 Description Beginning Balance Balance 5,900 Account Name Owner's Capital 301 F Debit Credit Date Oct 1 Description Beginning Balance Balance 26,000 Account Name Service Revenue 401 Date Description F Debit Credit Balance Account Name Rent Expense 505 Date Description F Debit Credit Balance Account Name Salaries & Wages Expense 510 Date Description F Debit Credit Balance Account Name Utilities Expense 515 Date Description F Debit Credit Balance