Question

Rowdy Bolton began Bolton Office Services in October and during that month completed these transactions:
a. Invested $10,000 cash and $15,000 of computer equipment in exchange for common stock.
b. Paid $480 cash for an insurance premium covering the next 12 months.
c. Completed a word processing assignment for a customer and collected $1,000 cash.
d. Paid $200 cash for office supplies.
e. Paid $3,000 for the last quarterly payment of rent (October-December) on October 1st.

On October 31st, Rowdy also made adjusting entries. Refer to previous entries if necessary.
f. Recorded insurance expired at month-end.
g. Counted $120 remaining in office supplies.
h. Recorded rent expense for the month.
i. Recorded salaries owed to employees. Employees are paid $5,000 on Monday-Friday basis. The last day of October was a Wednesday.
j. Completed a word processing assignment for another customer who had not yet been billed. The total amount owed was $800.

I need the second part as soon as possible please!!!!!!!

Answer 1

Please find the answer