Using the space provided below, 1) record each transaction in proper journal entry format and 2) show how each journal entry stays in balance (i.e., prove that A = L + E). A written explanation for each journal entry is NOT required. You will receive 2 points for each correct journal entry and 1 point for each correctly balanced accounting equation.

October 1 3 outside partners invested a total of $750,000 to start a new law firm.

October 7 To get the office ready for business, the partners purchased $100,000 of office supplies from Best Buy on account.

October 15 The partners successfully defended a client in court and the client paid the law firm $50,000.

October 25 The law firm received $20,000 in advance for legal work to be performed in December.

October 31 Staff members performed a count of supplies in the supply room and noted that $10,000 of supplies were used in October