Question
5 285 Junktrader is an online company that specializes in matching buyers and sellers of used items. Buyers and sellers can purchase a membership
5 285 Junktrader is an online company that specializes in matching buyers and sellers of used items. Buyers and sellers can purchase a membership with Junktrader, which provides them advance notice of potentially attractive offers Junktrader provided online advertising services for another company for $200 on account. On the last day of the month, Junktrader paid $50 cash to run on ad promoting the company's services. The ad ran that day in the local newspaper c Received $200 cash in membership fees for the month from new members. d Received an electricity bill for $85 for usage this month. The bill will be paid next month. e. Billed a customer $180 for helping sell some junk. Junktrader expects to receive the customer's payment by the end of next month Required 1. Prepare journal entries for the above transactions, which occurred during a recent month 2. Determine Junidrader's preliminary net income 01 Complete this question by entering your answers in the tabs below. Aired Required 2 Prepare journal entries for the above transactions, which occurred during a recent month. (If no entry is required for a transaction/event No Souma Enary equired in the first account field View anon bal Journal entry worksheet Check my
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