Transcribed Image Text: Pronghorn Corp provides security services. Selected transactions for Pronghorn Corp are presented below. Issued common stock in exchange

Excerpt
payment from customer for October 12 services performed. Paid employee salaries and wages of $5,000. 31 (a) ournalize the transactions. (If no entry required, select “No entry” for the account titles and enter 0 for t Date Account Titles and Explanation Debit Credit Oct. 1

Transcribed Image Text: Pronghorn Corp provides security services. Selected transactions for Pronghorn Corp are presented below.
Issued common stock in exchange for $64,700 cash from investors.
2 red 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.
Purchased equipment for $17,600, paying $3,900 cash and the balance on account.
8 Paid $1,600 for advertising.
10 Received bill for equipment repair cost of $410.
Provided security services for event for $3,100 on account.
16 Purchased supplies for $400 on account.
21 Paid balance due from October 7 purchase of equipment.
Received and paid utility bill for $145.
Oct. 1
12
24
27 Received payment from customer for October 12 services performed.
Paid employee salaries and wages of $5,000.
31
(a)
ournalize the transactions. (If no entry
required, select “No entry” for the account titles and enter 0 for t
Date
Account Titles and Explanation
Debit
Credit
Oct. 1

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