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For cach transaction below, record jonrnal entries in proner format before you post to the ledges Use the following accounts Cash, Accounts Payable, Accounts Receivable Supplies, Capital, Drawing, Repair Revenue, Prepaid Insurance, Wages Expense, Utilities Expense, Depreciation Expense, Accumulated Depreciation, Insurance Supplies Expense, Wages Payable Note: These Accounts are already set up for you in the Chart of Accounts in the Excel Document that has been provided. October 1 October 1 October 1 The owner invested $40,000 cash in the business Purchased equipment for $15,000 on account. Purchased a 4-year insurance policy to insure the business for $2000 for cash. October 2 October 4 Paid $2000 cash for supplies. Received $3,000 cash from customers for services rendered October 14 October 15 October 16 October 20 Paid for the equipment purchase on October 1. Paid wages $1,750 Performed services worth $4,500 for credit customers Received $1,400 cash from customers previously billed on account October 22 October 31 The owner withdrew $3,400 cash for personal use Paid utility bill for October $500 For cach transaction below, record jonrnal entries in proner format before you post to the ledges Use the following accounts Cash, Accounts Payable, Accounts Receivable Supplies, Capital, Drawing, Repair Revenue, Prepaid Insurance, Wages Expense, Utilities Expense, Depreciation Expense, Accumulated Depreciation, Insurance Supplies Expense, Wages Payable Note: These Accounts are already set up for you in the Chart of Accounts in the Excel Document that has been provided. October 1 October 1 October 1 The owner invested $40,000 cash in the business Purchased equipment for $15,000 on account. Purchased a 4-year insurance policy to insure the business for $2000 for cash. October 2 October 4 Paid $2000 cash for supplies. Received $3,000 cash from customers for services rendered October 14 October 15 October 16 October 20 Paid for the equipment purchase on October 1. Paid wages $1,750 Performed services worth $4,500 for credit customers Received $1,400 cash from customers previously billed on account October 22 October 31 The owner withdrew $3,400 cash for personal use Paid utility bill for October $500

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