THE QUESTION On September 30, 2021, Antagonia Real Estate whited's general ledger showed the following balances: Accounts payable $2,900 Inventory $9,000 Accounts receivable 2,800 Repairs and maintenance expens 1,000 Advertising expenses 1,040 Salaries expense 3.800 Cash 11,000 Service revenue 5,600 Common shares 20,000 Supplies 200 Income tax expense 960 700 Supplies expense Note that all accounts above have a normal balance. During October, the following transactions occurred: 1. Issued common shares for $10,000 cash. 2. Purchased inventory for $15,000, paying cash of $5,000 with the balance payable on account 3. Purchases supplies for $950 cash. liont The client inaid $250 cash and the balance is tecavablanca N O 960 Common shares 20,000 Supplies 200 Income tax expense Supplies expense 700 Note that all accounts above have a normal balance. During October, the following transactions occurred: 1. issued common shares for $10,000 cash. 2. Purchased inventory for $15,000, paying cash ok55,000 with the balance payable on account. 3. Purchases supplies for $950 cash 4. Provided services worth $7,300 to a client. The client paid $250 cash and the balance is receivable on account 5. Paid $1,000 on account for the inventory purchased 6. Declared and paid $500 of dividends to shareholders. 7. Paid $800 for supplies used immediately. B. Received $1,250 cash from the customer on account. 9. Paid employees $1,900. 10. Paid advertising expenses, $1,040. 11. Incurred repairs and maintenance expenses of $1,500 payable on account. 12. Paid income tax instalment for the month $960. 3. 4. Provided services worth $7,300 to a client. The client paid $250 cash and the balance is receivable on account. 5. Paid $1,000 on account for the inventory purchased. 6. Declared and paid $500 of dividends to shareholders 7. Paid $800 for supplies used immediately 8. Received $1.250 cash from the customer on count. 9. Paid employees $1,900. 10. Paid advertising expenses. 51,040. 11. Incurred repairs and maintenance expenses of $1.500 payable on account 12. Paid income tax instalment for the month $960. Required: a. Journalize the transactions b. Set up Taccounts, post the joumal entries to the general ledger, and determine the October 31, 2021 balance for each co c. Prepare a trial balance of October 31, 2021