(Solved): Oct. 1 Graham invested $90,000 cash, a $36,000 computer system, and $18,000 of office equipment in t ...

Oct. 1 Graham invested

cash, a

computer system, and

of office equipment in the business. 2 Paid rent in advance of

. 3 Purchased computer supplies on credit for

from Abbott Office Products. 5 Paid

cash for one year's premium on a property and liability insurance policy. 6 Billed Capital Leasing

for installing a new computer. 8 Paid for the computer supplies purchased from Abbott Office Products. 10 Hired Carly Smith as a part-time assistant for

per day, as needed. 12 Billed Capital Leasing another

for computer services rendered. 15 Received

from Capital Leasing on its account. 17 Paid

to repair computer equipment damaged when moving into the new office. 20 Paid

for an advertisement in the local newspaper. 22 Received

from Capital Leasing on its account. 28 Billed Decker Company

for services. 31 Paid Carly Smith for seven days' work. 31 Withdrew

cash from the business for personal use. Part B: CHECK FIGURES: 8. Total Dr.

. Profit

Total assets

Required 6. Prepare journal entries to record each of the following November transactions. 7. Post the November entries. 8. Prepare a trial balance at November 30, 2020. 9. Prepare an income statement and a statement of changes in equity for the two months ended November 30, 2020, as well as a balance sheet at November 30, 2020. Nov. 1 Reimbursed Graham's business automobile expense for 1,000 kilometres at

per kilometre. 2 Received

cash from Elite Corporation for computer services rendered. 5 Purchased

of computer supplies for cash from Abbott Office Products. 8 Billed Fostek Co.

for computer services rendered. 13 Notified by Alamo Engineering Co. that Echo's bid of

for an upcoming project was accepted. 18 Received

from Decker Company against the bill dated October 28. 22 Donated

to the United Way in the company's name. 24 Completed work for Alamo Engineering Co. and sent a bill for

. 25 Sent another bill to Decker Company for the past due amount of

. 28 Reimbursed Graham's business automobile expense for 1,200 kilometres at

per kilometre. 30 Paid Carly Smith for 14 days' work. 30 Withdrew

cash from the business for personal use.