Post the transactions to t-accounts

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Reference no: EM131823823

Question: Beyers Corporation provides security services. Selected transactions for Beyers are presented below. Oct.

1 Issued common stock in exchange for $66,000 cash from investors.

2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15.

4 Paid 1 month of rent for building for $2,000.

7 Purchased equipment for $18,000, paying $4,000 cash and the balance on account.

8 Paid $500 for advertising.

10 Received bill for equipment repair cost of $390.

12 Provided security services for event for $3,200 on account.

16 Purchased supplies for $410 on account.

21 Paid balance due from October 7 purchase of equipment.

24 Received and paid utility bill for $148. 27 Received payment from customer for October 12 services performed.

31 Paid employee salaries and wages of $5,100.

Instructions: (a) Journalize the transactions. Do not provide explanations.

(b) Post the transactions to T-accounts.

Reference no: EM131823823

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