Construct journal entries for each of the following hypothetical transactions during the next quarter. Also, indicate on the chart on page 6 which of the following balance sheet and income statement categories are affected by the transactions: assets (A), liabilities (L), equity (E), gross profit (GP), operating income (OI), and net income (NI). The numbers are rounded to $1,000s. Ignore income taxes for example, if an item impacts sales, do not attempt to determine the effect of the item on income tax expense.

A) Sold systems costing $7,807 for $9,617 in financing receivables due in three months.

B) Recognized $13,833 in support and maintenance revenue that had been received in advance.

C) Sold business management services for $6,686 in financing receivables due in six months and paid $3,882 in cash to the consultants that provided the services.

D) Accrued general and administrative expenses amounting to $5,142.

E) Recognized $208 of prepaid expenses as sales and marketing expense in this period