Accouting Journal Entries

Part in Journal Entries uft Spa is a sole proprietorship owned by Angela Bailey. The company provides a relaxing retreat for people wishing to relax and unwind. During the month of December 2016, the following transactions took place. Dec2 Dec 3 Dec 5 Dec 8 Dec 10 Dec 12 Dec 14 Dec 15 Dec 17 Dec 27 Borrowed $5,000 cash from the bank Purchased equipment for $4,000 cash. Provided services to a customer and received cash of $2,310. Paid claries for the month with $1,950 cash Provided services to a customer on account worth $4,520. Collected $1.470 cash from customers owing on account Paid $560 cash to reduce the amount owed to a supplier. Received the telephone bill for $160 which will be paid later. Paid a portion of the bank loan principle with $1,000 cash. Received the maintenance bill for $1.050 which will be paid later Prepare the journal entries for the above transactions Date Account Title and Explanation 2016 Debit Credit Date Account Title and Explanation Debit Credit