Examine the following transactions and identify those that create revenues for Jade Services, a company owned by Mia Jade. Prepare general journal entries to record those transactions and explain why the other transactions did not create revenues.

a. Mia Jade invests \($38,250\) cash in the business.

b. Provided \($1,350\) of services on credit.

c. Provided services to a client and received \($1,575\) cash.

d. Received \($9,150\) cash from a client in payment for services to be provided next year.

e. Received \($4,500\) cash from a client in partial payment of an account receivable.

f. Borrowed \($150,000\) cash from the bank by signing a promissory note.

Exercise 2-6

Record the transactions below for Dejonge Company by recording the debit and credit entries di¬ rectly in the following T-accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Dejonge, Capital; Dejonge, Withdrawals; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. Determine the ending balance of each T-account.

a. Robert Dejonge invested \($12,750\) cash in the business.

b. Purchased office supplies for \($375\) cash.

c. Purchased \($7,050\) of office equipment on credit.

d. Received \($1,500\) cash as fees for services provided to a customer.

e. Paid \($7,050\) cash to settle the payable for the office equipment purchased in transaction c.

f. Billed a customer \($2,700\) as fees for services provided.
g. Paid the monthly rent with \($525\) cash.
h. Collected \($1,125\) cash toward the account receivable created in transaction/.
i. Dejonge withdrew \($1,000\) cash for personal use.