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Oct.1: Purchased additional office supplies on account from Paper Co., $850.

Oct.2: Paid Chicago times advertising bill for Septmeber, $900.

Oct. 3: Sold a house to Helen Baker and collected a commission of $7,300.

Oct. 6: Paid gas bill to Haffner Gas Co., $29. Oct. 8: Collected commission from Tropic Developers for sale of building lot on September 17, $10,000.

Oct. 12: Paid $530 to Long Realtors Assoc. to send employees to realtors' workshop.

Oct. 15: Paid Rosie Petrillo, office secretary, $300.

Oct. 17: Sold a house to Gary Schneider and earned a commission of $2,900. Commission to be received on November 10.

Oct. 18: Sold a building lot to Lombardi Builders and collected a commission of $4,500.

Oct. 22: Sent a check to Heritage Charities for $65 to help sponsor a local road race to aid the poor. (This amount is not to be considered an advertsing expense; it is a business expense and is posted to Miscellaneous Expense.)

Oct. 24: Paid Hyundai North $620 for repairs to automobile due to accident.

Oct. 28: James Sousa withdrew $2,200 from the business to pay personal expenses.

Oct. 30: Paid Comcast telephone bill, $480.

Oct. 30: Advertising bill from Chicago Times for October, $1,300. The bill is to be paid on November 2.

Required Work for October:

1. Journalize transactions in a general journal (p.4) and post to ledger accounts.

2. Prepare a trial balance in the first two columns of a blank, fold-out worksheet located at the end of your textbook at the end of your textbook and complete the worksheet using the following data: a) One month's rent had expired. Paid 5 months' rent in advance on September 1, $1,000. b) An inventory shows $130 of office supplies remaining. c) Depreciation on office equipment, $160. d) Depreciation on automobile, $210.

3. Prepare an October income statement, statement of owner's equity, and balance sheet.

4. From the worksheet, journalize and post adjusting and closing entries (p. 6 of journal).

5. Prepare a post-closing trial balance.

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