#1 Points possible: 10. Total attempts: 1

An analysis of Chafin's MAC Repair Services, Inc. shows the following:

	Cash	+	Accounts receivable	+	Supplies	+	Equipment	=	Accounts Payable	+	Notes Payable	+	Common Stock	+	Service Revenue
1	75,000												75,000
2	-25,000						95,000				70,000
3			3,700												3,700
4					4,800				4,800
5	-4,000										-4,000

Prepare journal entries using the transaction analysis above.

Date	Description	Debit	Credit
1
2
3
4
5