2x1 - Word X CIX191 2101019 ICHIEF X *$ 2 Fic teto Ix# 918 For chapter 2 discussion, read the transactions below and determine if Sophie made the correct journal entries. If not, tell me which ones are incorrect and why. You must (Provide services on account)~ answer before you will be able to see others answers.+ June 7 Notes Payable 500+ Please remember that answering/commenting on Discussions is required and part of your participation grade! Comments are due by 4/19/20- Cash 500 (Loan cash and accept note receivable)+ Reed owns a consulting services company, while Sophie operates an auto maintenance shop. For the month of June, the following transactions occurred.+ June 14 Supplies+ 250~ + Cash 250+ t Sophie decides that she would like consulting services at the end of (Purchase maintenance supplies June 2* the month and pays Reed $300 in advance.+ with cash)~ June 5 Sophie provides maintenance services to Reed on account, $175.+ June 19+ Cash 175+ 175 June 7+ Sophie borrows $ 500 from the bank by signing a note.+ Accounts Receivable- (Receive cash on account). June 14 Sophie purchases maintenance supplies from Tap Corporation, paying cash of $250.+ June 25- No entry for Sophie.+ June 19 19* June 5.4 Reed pays $175 to Sophie for maintenance services provided on June 28+ Consulting Expense 300+ Prepaid Services 300- June 25+Sophia pays the utility bill for the month of June, $200.+ June 28 9 Sophie receives consulting services from Reed, equaling the (Received services paid in advance)~ + amount paid on June 2.+ June 30+ Cash 500- June 30-Sophia pays $500 to the bank for money borrowed on June 7. Notes Receivable+ 500 (Receive cash on note receivable) The following journal entries where made by Sophie. Are these journal entries (Ctrl) - correct? If not, why?+ Transactions for Sophie Debit Credit- June 2+ Prepaid Services 300- Cash- 300- (Pay for consulting services in advance) June 5+ Accounts Payable 175+ Service Revenue- 175. Windows = 9% ajg= 015 010) Windows# 38 91894/C. 2/2 101X1 3077H ETCH1 08 8:01(01=) -+ 100% 24 9:07 ~ (7 43) 7 2020-04-18