On October $1,20\backslash$times $1,$ Shonna Pumphrey opened an advertising agency.

DATE TRANSACTIONS

October $1$ Shonna Pumphrey invested $$64,000$ cash in the business.

October $2$ Paid October office rent of $$3,200$; issued Check $1001.$

October $5$ Purchased desks and other office furniture for $$13,600$ from Hudson's Furniture; received Invoice $4067$ payable in $60$ days.

October $6$ Issued Check $1002$ for $$3,400$ to purchase art equipment.

October $7$ Purchased supplies for $$1,750$; paid with Check $1003.$

October $10$ Issued Check $1004$ for $$460$ for office cleaning service.

October $12$ Performed services for $$4,300$ in cash and $$2,100$ on credit. $($Use a compound entry.$)$

October $15$ Returned damaged supplies for a cash refund of $$260.$

October $18$ Purchased a computer for $$3,200$ from Tolliver's Office Supply, Invoice $8017$; issued Check $1005$ for a $$1,850$ down payment, with the balance payable in $30$ days. $($Use one compound entry.$)$

October $20$ Issued Check $1006$ for $$6,800$ to Hudson's Furniture as payment on account for Invoice $4067.$

October $26$ Performed services for $$4,600$ on credit.

October $27$ Paid $$255$ for monthly telephone bill; issued Check $1004.$

October $30$ Received $$3,900$ in cash from credit customers.

October $30$ Issued Check $1008$ to pay the monthly utility bill of $$330.$

October $30$ Issued Checks $1009-1011$ for $$8,200$ for monthly salaries.

Required:

Journalize the above transactions.

Post the above transactions to the ledger accounts.

Analyze:

What is the balance of account $202$ in the general ledger?

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