Terry Company
Transactions
Oct $\quad$ Terry Purchased Computer Equipment For

Terry Company
Transactions
Oct. 1 $\quad$ Terry purchased computer equipment for $\$ 8,400$ , paying $\$ 1,000$ now, and issuing a promissory note for the bal ance; the note is due in monthly installments of $\$ 500$ plus interest at $10 \%$ on the unpaid balance.

8 $\quad$ Terry records service revenue earned: $\$ 3,200$ from cash customers; $\$ 12,000$ for customers billed for completed services.

22 $\quad$ Common stock is issued for land with a far value of $\$ 35,000$ .

31 $\quad$ An invoice for $\$ 1,200$ is received from the company's advertising agency for ads that were run on radio and $\mathrm { TV }$ during October; the invoice is due in 30 days.
-Refer to the transactions for Terry Company.
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Use the transactions incurred by the Terry Company to set up T accounts and post each transaction to the T accounts.