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Accounting Cycle Review E 4A-36 Culver Corporation provides security services. Selected transactions for Culver Corporation...

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Accounting Cycle Review E 4A-36 Culver Corporation provides security services. Selected transactions for Culver Corporation are presented below. Issued common stock in exchange for $73,900 cash from investors. 2 Hired part-time security consultant. Salary will be $2,200 per month. First day of work will be October 15 Oct. 1 4 Paid 1 month of rent for building for $2,200 7 Purchased equipment for $20,200, paying $4,500 cash and the balance on account. 8 Paid $600 for advertising. 10 Received bill for equipment repair cost of $440. 12 Provided security services for event for $3,600 on account. 16 Purchased supplies for $460 on account. 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $166. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $5,700

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