5. Receives an advance deposit of $500 for a new set of card s she is design ing for a new cusiomer. 6. Pays her assistant $200 for the work done this month. 7. Derermines that the assistanı has worked 10 addirional hours this month that have not yer been paid. 8. Ordered and receives addirional supplies in the amount of $1,000. These were paid forduring the month. 9. Counts her remaining inventory of supplies at the end of the month and deremines the balance to be $300. Don't forget to consider the supplies inveniory balance ar Seprember 30, from Chaprer 2. (Hint: This expense will be a debit to Cost of Goods Sold.) 10. Records the ad justing entries for depreciation and insurance expense for the month. 11. Pays herself a salary of $1,000. 12. Deciding she needs a little more cash, Kate pays herself a $500 dividend. 13. Receives her nexi utility bill during December and deremines $85 applies to October's operations. Required Using the information that you gathered and the general ledger accounts that you prepared through Chaprer 2, plus the new information above, complete the following: Journalize the above transactions and adjusting entries. Post the October transactions and adjusting entries. (Use the general ledger accounts prepared in Chapter 2 and add any new accounts that you may need.) Prepare a trial balance as of Ociober 31, 201 5. d. Prepare an income staement and a statement of stockholders' equiry for the rwo-month period ending October 31, 2015, and a balance sheet as of Ociober 31, 2015. Prepare the closing entries as of October 31, 2015. f. Prepare a post-closing trial balance. a. b. C. e. SERIAL PROBLEM: KATE'S CARDS (Note: This is a continua rion of the Serial Problem: Kate's Cards from Chapters l and 2.) Kate's Cards SP3. Getting ready for the upooming holiday season is traditionally a busy time for greering card com- panies, and it was no exception for Kate. The following transactions occurred during the month of October: 1. Hired an assistanı at an hourly rate of $10 per hour to help with some of the computer layours and administrative chore s. 2. Supplements her business by teaching a class to aspiring card designers. She ch arges and receives a toral of $450. 3. Delivers greeting cards to several new customers. She bills them a total of $1,500. 4. Pays a utiliry bill in the amount of $250 that she deremines is the business portion of her utiliry bill.