JOURNALIZING TRANSACTIONS Kauai Adventures rents surfboards and snorkeling and scuba equipment. During March 2009, Kauai engaged in the following transactions:

March 2 Received $34,200 cash from customers for rental 3 Purchased on credit five new surfboards for $110 each 6 Paid wages to employees in the amount of $11,500 9 Paid office rent for the month in the amount of $3,300 12 Purchased a new Ford truck for $17,800; paid $1,000 down in cash and secured a loan from Princeville Bank for the $16,800 balance 13 Collected a $650 account receivable 16 Paid an account payable in the amount of $790 23 Borrowed $10,000 on a six-month, 12 percent note payable 27 Paid the monthly telephone bill of $345 30 Paid a monthly advertising bill of $1,960 Required:

Prepare a journal entry for each of these transactions.

Exercise