The following events occured the month of October 1. Sold 4 TV's at $800 each for a total of $3,200 total. The cash was collected immediately. 2. Paid Sony for the TVs ordered and received in September. 3. Sold 4 Tvs at $950 each - $3,800 total. The customer will pay for the TV's in November. 4. Paid salesman his salary of $500 at the end of the month. Commisions will be paid next month. 5. Customer signed sales contract for one TV at $850. The TV will be delivered next month. The customer made an advance payment of $400. 6. Received the following bills for October services to be paid in November - $300 for October Utilities - $50 for 2 months interest on Tony's personal load and $40 for one month on the company loan 7. Paid $500 dividends to Tony in his capacity as a stockholder.

Record transactions in the month of October in assets, liabilities and equity. The accounting transactions must always balance.