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10. just one problem Following are transactions for Valdez Services, a company owned by Brina Valdez. a. Brina Valdez invested $28,300 cash in the company.

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Following are transactions for Valdez Services, a company owned by Brina Valdez. a. Brina Valdez invested $28,300 cash in the company. b. The company provided services to a client and immediately received $800 cash. c. The company received $17,100 cash from a client in payment for services to be provided next year. d. The company received $2,900 cash from a client in partial payment of accounts receivable. e. The company borrowed $4,500 cash from the bank by signing a note payable. 1. Prepare general Journal entries for the above transactions of Valdez Services. View transaction list Journal entry worksheet Brina Valdez invested $28,300 cash in the company. Note: Enter debits before credits. Transaction a General Journal Debit Credit Record entry Clear entry View general journal n list entry worksheet 5 2 3 4 Accounts payable lei Accounts receivable Advertising expense Automobiles ebi B. Valdez, capital n Ruildina ction list al entry worksheet 1 2 3 4 5 Building Valde: Cash Drafting equipment nter debi Equipment Equipment rental expense action a. try worksheet 2 3 4 5 Equipment rental expense Gas and oil expense Land Legal expense M.Harris, Capital M.Harris. Withdrawals Debit st ntry worksheet 5 2. 3 4 Legur caperC M.Harris, Capital M.Harris, Withdrawals Machinery ebi Mileage expense Miscellaneous expenses n Det cord entry Clear entry action list nal entry worksheet 1 2 3 4 5 Mileage expense a Valde: Miscellaneous expenses Notes payable Office equipment Enter debi Office supplies nsaction Operating expenses Debit a on list entry worksheet 5 2 3 4 Operauny expenses alde: Photography equipment Prepaid insurance Prepaid rent ter debi Rent expense action Repairs expense E a list entry worksheet 2 3 4 5 Repairs expense Ide: Salaries expense Service revenue Telephone expense debi Trucks tion Record entry claranto list entry worksheet 4 5 2 3 Telephone expense Ide: Trucks Unearned service revenue Utilities expense er debi Wages expense ction Journal entry worksheet The company received $17,100 cash from a client in payment for services to be provided next year. Note: Enter debits before credits. Transaction General Journal Debit Credit C Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 5 The company received $2,900 cash from a client in partial payment of accounts receivable. S Note: Enter debits before credits. General Journal Debit Credit Transaction d. Record entry Clear entry View general journal View transaction list Journal entry worksheet The company borrowed $4,500 cash from the bank by signing a note payable. Note: Enter debits before credits. Transaction General Journal Debit Credit e Record entry Clear entry View general journal

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