Question

Oct.  1	Aster Turane invested $49,000 cash, a $18,000 computer system, and
	$17,000 of office equipment in the business.
2	Paid six months of rent in advance; $9,000.
3	Purchased computer supplies on credit for $1,975 from Triple-One Supplies.
5	Paid $24,000 cash for one year's premium on a property and liability insurance
	policy.
6	Billed Norton Electric $11,300 for installing a new computer system.
8	Paid for the computer supplies purchased from Triple-One Supplies.
10	Hired Donald Gee as a part-time assistant for $345 per day, as needed.
12	Billed Norton Electric another $1,850 for computer services rendered.
15	Received $1,650 from Norton Electric on its account.
17	Paid $400 to repair equipment damaged when moving into the
	new office.
20	Paid $2,400 for an advertisement in the local newspaper.
22	Received the balance owing from Norton Electric on its account.
28	Billed Whistler Resort $6,400 for services.
31	Paid Donald Gee for nine days' work.
31	Aster Turane withdrew $1,200 cash from the business for personal use.

Answer 1

Journal Entries are as follows:

Date	Account and Explanation	Debit($)	Credit($)
Oct. 1	Cash	49,000
	Computer System	18,000
	Office Equipment	17,000
	Capital		84,000
	(Recorded the cash, Computer System and Office Equipment)
Oct. 2	Advance Rent	9,000
	Cash		9,000
	(Recorded the prepaid rent )
Oct.3	Computer Supplies	1,975
	Account Payable		1,975
	(Recorded the Computer Supplies)
Oct.5	Premium on Property	24,000
	Cash		24,000
	(Recorded the payment of premium on a property)
Oct.6	Account Receivable	11,300
	Service Revenue		11,300
	(Recorded the the Service Revenue billed)
Oct.8	Account Payable	1,975
	Cash		1,975
	(Recorded the payment of the account payable)
Oct.10	No Entry
Oct.12	Account Receivable	1,850
	Service Revenue		1,850
	(Recorded the Service Revenue billed)
Oct.15	Cash	1,650
	Account Receivable		1,650
	(Recorded the cash from the Account Receivable)
Oct.17	Repairs	400
	Cash		400
	(Recorded the payment of the repair equipment)
Oct.20	Advertisement	2,400
	Cash		2,400
	(Recorded the payment of the advertisement)
Oct.22	Cash ($1850 - $1650)	200
	Account Receivable		200
	(Recorded the balance received from the Account Receivable)
Oct.28	Account Receivable	6,400
	Service Revenue		6,400
	(Recorded the service revenue)
Oct.31	Wages Expenses ($345 * 9)	3,105
	Cash		3,105
	(Recorded the wages expenses)
Oct.31	Drawing	1,200
	Cash		1,200
	(Recorded the expenses for personal use)