The following transactions occurred during the month of October.

Oct. $8$ Madison cashes her U$.$S$.$ Savings Bonds and receives $$740,$ which she deposits in her personal bank account.

$8$ She opens a bank account under the name Sweet Treats and transfers $$600$ from her personal account to the new account.

$11$ Madison pays $$75$ for advertising. Check $152.$

$13$ She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $$140$ cash. Check $153.$

$15$ Madison purchases a food processor for $$300.$ Check $154.$

$16$ Madison realizes that her initial cash investment is not enough. Her grandmother lends her $$5,000$ cash, for which Madison signs a note payable in the name of the business. Madison deposits the money in the business bank account. The note will be repaid in $24$ months at $7\mathrm{.}5\%$ interest.

$17$ She buys more baking equipment for $$900$ cash. Check $155.$

$20$ She teaches her first class and collects $$135$ cash.

$25$ Madison withdraws $$100$ from the business for personal expenditures. Check $156.$

$30$ Madison pays $$1,200$ for a one$-$year insurance policy that will expire on November $1$ of the next year. Check $157.$

$30$ A friend of Madison's asked her to teach a class at the neighborhood school, Newbury Elementary School. Madison agreed and taught a group of $35$ first$-$grade students how to make gingerbread cookies. The next day, Madison prepared an invoice for $$300$ and left it with the school principal. The principal said that he will pass the invoice along to the head office, and it will be paid sometime in November.

As of October $31,$ the following adjusting entry data is available.

A count reveals that $$45$ of baking supplies were used during October.

Madison estimates that her baking equipment depreciates $$10$ per month.

Madison has decided to accrue the interest each month just to be sure her books correctly reflect what needs to be repaid. She will accrue a full month's interest in October, since she wouldn't even be off the ground without her grandma's help.

Madison had a friend assist her with the Newbury Elementary School class. She decides to hire her friend as an employee. She owes her $$45$ for the October $30$ class, that she will pay on November $15.$

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