Dana, Inc., provides civil engineering services. During October, its transactions included...

Oct. 1

Paid rent for the month of October, $4,000.

Oct. 4

Billed Milton Hotels $8,500 for services. The entire amount is due on or before October 28. (Dana uses an account entitled Service Revenue when billing clients.)

Oct. 8

Provided services to Dirt Valley Development for $4,700. The entire amount was collected on this date.

Oct. 12

Placed a newspaper advertisement in the Daily Reporter to be published in the October 25 issue. The cost of the advertisement was $320. Payment is due in 30 days.

Oct. 20

Received a check for $8,500 from Milton Hotels for the amount billed on October 4.

Oct. 24

Provided services to Dudley Company for $3,600. Dana collected $300 cash, with the balance due in 30 days.

Oct. 25

Sent a check to the Daily Reporter in full payment of the liability incurred on October 12.

Oct. 29

Declared and paid a $2,600 cash dividend to the company's stockholders.