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ACCOUNTING PROJECT JOURNAL ENTRIES OCT: - 10/1 - \$1,500 rent check cut \& mailed to landlord for office - 10/3 - $213 Office supplies ordered online using Office Depot credit account - 10/5 - \$5,000 payment received from client/customer for services provided in Oct - 10/7$2,050 payroll direct deposited to employees - 10/15 - 510,000 payment received from client/customer for services provided in Oct - 10/22 - \$2,050 payroll direct deposited to employees NOV: - 11/2 - $1,500 rent check cut & mailed to landiord for office - 11/4 - $6,000 services rendered to client/customer but not yet paid - 11/7 - \$2,050 payroll direct deposited to employees - 11/13 - 545,000 small biz loan obtained (5\% APR, 2 years int only, 365 basis) - 11/22 - \$2,050 payroll direct deposited to employees - 11/30$3,013 annual business insurance renewed (policy covers Dec Nov )* DEC: - 12/1 - $1,500 rent check cut & mailed to landlord for office - 12/7 - \$2,050 payroll direct deposited to employees - 12/13 - S interest payment directly debited from bank account for SBL - 12/18 - 59,744 cash spent on company holiday party - 12/22 - 57,050 payroll direct deposited to employees - 12/28 - 55,000 payment received from client/customer for November services - Adjusting entry will be needed every month to expense this from Dec through Nov of next year. Assets Liabilities and Owners' Equity Current Assets: Current Liabilities: Cash Total Current Liabilities Long-Term Liabilities: Total Long-Term Llabilities Total Current Assets Total Liabilities: Long-Term/Fixed Assets: Equity: Less Accumulated Depreciation Total Long-Term/Fixed Assets Total Assets: Total Equity

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