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  3. part a listed below are the transactions for ajayi art...

Question: part a listed below are the transactions for ajayi art...

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Part A Listed below are the transactions for Ajayi Art, Inc. for the month of October: . October 1 Started with an investment of $300,000 cash. ·October 1 Purchased office equipment for S25,500 by signing a 1096 note (interest and principal to be paid over the next 12 months). October 6 Paid rent for the art gallery in advance for the next three months with a check for $4,050. October 8 Purchased art supplies from Wacky Art Co. on credit for $12,500. October 9 Received of $4,850 from a customer who has commissioned a piece of custom art to be completed by the end of the year. October 11 Paid miscellaneous office expenses totaling S514 in cash. October 13 Billed customers $10,340 for art classes provided in September October 15 Paid $5,830 to Wacky Art Co. . October 20 Received $4,020 from customers on account. October 30 Recorded $5,180 in salaries for the month of October. Paychecks will be disbursed to employees on November 2nd WI

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