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Exercise 2-7 Analyzing and journalizing revenue transactions Examine the following transactions and identify those that created revenues for 7 Servicing. a sole proprictorship owned by
Exercise 2-7 Analyzing and journalizing revenue transactions Examine the following transactions and identify those that created revenues for 7 Servicing. a sole proprictorship owned by Todd lver Prepare general joutnal entries to record those transactions and explain why the other transactions did not create revenues. a. Invested $76,500 cash in the business. b. Provided $2,700 or services of c. Received $3,150 cash for services provided to a client. d. Received $18,300 from a client in payment for services to be provided next year e. Received $9,000 from a client in partial payment of an account receivable. f. Borrowed $300,000 from the bank by signing a promissory
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