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Engli No Marks for Values Elena Duvis is the owner of Island Services. The following transactions need to be recorded for her business. Aug 1

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Engli No Marks for Values Elena Duvis is the owner of Island Services. The following transactions need to be recorded for her business. Aug 1 Prepaid $3,360 of insurance for one year. Aug 2 Prepaid $3,000 of rent for three months, Aug 3 Received a maintenance bill for $510 which will be paid next month. Aug 4 Received $2,860 cash for services provided. Aug 7 Took out a loan from the bank for $8,000 Aug 10 Paid telephone expenses for the month with $260 cash. Aug 12 Paid $440 cash to reduce the balance of accounts payable. Aug 31 Paid $10 of interest on the bank loan Aug 31 Adjusted prepaid insurance for one month for $280. Aug 31 Depreciated equipment for $250. Aug 31 Adjusted prepaid rent for one month for $1,000, Required Journalize the transactions for Island Services, Do not enter dollar signs or commas in the input boxes NOTE: Marks are only assigned to the account drop down boxes

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