The March transactions of Boulevard Motors, an automobile repair shop, included the following: LO8

(1) On March 1, paid rent for the month of March, $600.

(2) On March 3, at request of National Insurance, Inc., made repairs on car of Stanley West. Sent bill for $305 for services rendered to National Insurance, Inc.

(Credit Repair Service Revenue.)

(3) On March 9, made repairs to car of H. F. Smith and collected in full the charge of

$215.

(4) On March 14, placed advertisement in Daily Star to be published in issue of March 16 at cost of $75, payment to be made within 30 days.

(5) On March 25, received a check for $305 from National Insurance, Inc., represent¬

ing collection of the receivable of March 3.

(6) On March 31, Wallace Addison, owner of Boulevard Motors, withdrew $1,800 from the business for personal use.
Instructions a Write an analysis of each transaction. An example of the type of analysis desired is as follows:
(1)

(a) Rent is an operating expense. Expenses are recorded by debits. Debit Rent Expense, $600.

(b) The asset Cash was decreased. Decreases in assets are recorded by credits.
Credit Cash, $600.
b Prepare a journal entry (including explanation) for each of the above transactions.