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The dates are from 2 Octobor to 31 Octobor and Internal Controls Required information The following information applies to the questions displayed below.) Rocky owns

The dates are from 2 Octobor to 31 Octobor image text in transcribed
image text in transcribed
and Internal Controls 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 of October: 1. October 2 Receive membership dues for the month of October totaling $7,700. 2. October 5 Issue common stock in exchange for cash, $12,000. 3. October 9 Purchase additional boxing equipment for $8,800, paying one-half of the amount in cash and issuing a note payable to the seller for the other one-half due by the end of the year. 4. October 12 Pay $1,200 for advertising regarding a special membership rate available during the month of October. 5. October 19 Pay dividends to stockholders, $3,600. 6. October 22 Pay liability insurance to cover accidents to members for the next six months, starting November 1, $6,900. 7. October 25 Receive cash in advance for November memberships, $4,800. 8. October 30 Receive, but do not pay, utilities bill for the month, $4,400. 9. October 31 Pay employees' salaries for the month, $6,500. 2. Identify the transactions involving cash. (Select all that apply.) Check All That Apply o October 2 October 5 October 5 October 9 October 12 October 19 o o o o o ooo October 22 ces October 25 October 30 October 31

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