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E connect A201 Online: A201 Summer 2018 ACCOUNTING r 4 Homework Questions 4-5 (of 5)...

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Accounting

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E connect A201 Online: A201 Summer 2018 ACCOUNTING r 4 Homework Questions 4-5 (of 5) The following information applies to the questions displayed below Rocky owns and operates Balboa's Gym located in Philadelphia The following transactions occur for the month of October October 2 Recelve membership dues for the month of October totaling $9,100 October 5 Issue common stock in exchange for cash, $11,000 October 9 Purchase additional boxing equipment for $8,000, paying one-half of the amount in cash and the other one-half due by the end of the year October 12 Pay $1,100 for advertising regarding a special membership rate available during the month of October October 19 Pay dividends to stockholders, $2,800 October 22 Pay liability insurance to cover accidents to members for the next six months, starting November 1. $7.920 October 25 Recelve cash in advance for November memberships, $6.200 October 30 Receive, but do not pay, utilities bill for the month, $3,600 October 31 Pay employees' salaries for the month, $7,900 value 10.00 points Required: 1. Record each transaction (I no entry is required foc a transaction/event, select "No journal entry required" in the first account fheld) View transaction list

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