E2.17(LO 2,3,4) Beyers Security Company provides security services. Selected transactions for Beyers are presented below.Oct....

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Accounting

E2.17(LO 2,3,4) Beyers Security Company provides security services. Selected transactions for Beyers are presented below.Oct.
1 Invested $70,000 cash in the business.
2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15.
4 Paid one month of rent for building for $2,000.
7 Purchased equipment for $18,000, paying $4,000 cash and the balance on account. 8 Paid $500 for advertising.
10 Received bill for equipment repair cost of $390.
12 Provided security services for event for $3,200 on account.
16 Purchased supplies for $410 on account.
21 Paid balance due from October 7 purchase of equipment.
24 Received and paid utility bill for $148.
27 Received payment from customer for October 12 services performed.
31 Paid employee salaries and wages of $5,100.
31 Owner withdrew $2,000 for personal use.
Instructions a. Journalize the transactions. Do not provide explanations.
b. Post the transactions to T-accounts.
c. Prepare a trial balance at October 31,2020.(Hint: Compute ending balances of T-accounts first.)use the following template: template for E2-17.xlsx

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