4 Over-the-Top Technologies (OTT) operates a computer repair and web consulting business. News Now (NN) publishes a local newspaper. The two companies entered into the following transactions. 4.16 points 2 04:29:31 a. NN billed OTT for $650 of advertising services provided this month on account. b. OTT repaired some of NN's equipment this month, for $232 on account. C. NN collected $650 cash from OTT for the advertising services provided in (a). d. NN paid $92 cash to OTT for OTT advertising NN's online newspaper this month on OTT's Website. e. OTT and NN signed a promissory note, documenting OTT's $2,700 cash loan to NN this month with repayment to occur in six months. eBook Required: 1. Show the journal entries that OTT would record for items (a)-(e). Hint 2. Show the journal entries that NN would record for items (a)-(e). Print Complete this question by entering your answers in the tabs below. o Reference Required Required 1 2 Show the journal entries that OTT would record for items (a)-(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Credit No Transaction General Journal 1 a Advertising Expense Accounts Payable Debit 650 650 2 b 232 Accounts Receivable Service Revenue 232 3 Accounts Payable Cash 650 650 4 d 92 Cash Advertising Revenue 92 (Required 1 Required 2 > 4 Over-the-Top Technologies (OTT) operates a computer repair and web consulting business. News Now (NN) publishes a local newspaper. The two companies entered into the following transactions. 4.16 points 8 04:29:23 a. NN billed OTT for $650 of advertising services provided this month on account. b. OTT repaired some of NN's equipment this month, for $232 on account. C. NN collected $650 cash from OTT for the advertising services provided in (a). d. NN paid $92 cash to OTT for OTT advertising NN's online newspaper this month on OTT's Website. e. OTT and NN signed a promissory note, documenting OTT's $2,700 cash loan to NN this month with repayment to occur in six months. eBook Required: Hint 1. Show the journal entries that OTT would record for items (a)-(e). 2. Show the journal entries that NN would record for items (a)-(e). Print Complete this question by entering your answers in the tabs below. o Reference Required Required 1 2 Show the journal entries that NN would record for items (a)-(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 > NN billed OTT for $650 of advertising services provided this month on account. Record the transaction. Note: Enter debits before credits. General Journal Debit Transaction a Credit Record entry View general journal Clear entry