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the top blank under Flounder Corp. Trial Balance has 3 options - For the year ended October 31, 2017 -For the month ended October 31,

image text in transcribedimage text in transcribedthe top blank under Flounder Corp. Trial Balance has 3 options

- For the year ended October 31, 2017

-For the month ended October 31, 2017

-October 31, 2017

Exercise 3-18 (Part Level Submission) Flounder Corp. provides security services. Selected transactions for Flounder Corp. are presented below. Oct. 1 Issued common stock in exchange for $55,400 cash from investors. 2 Hired part-time security consultant. Salary will be $1,700 per month. First day of work will be October 15 4 Paid 1 month of rent for building for $1,700. 7 Purchased equipment for $15,100, paying $3,400 cash and the balance on account. 8 Paid $400 for advertising. 10 Received bill for equipment repair cost of $330. 12 Provided security services for event for $2,700 on account. 16 Purchased supplies for $340 on account. 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $124. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $4,300

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