Following are transactions for Valdez Services, a company owned by B$.$ Valdez.

a$.$ B$.$ Valdez invested $$28,300$ cash in the company.

b$.$ The company provided services to a client and immediately received $$800$ cash.

c$.$ The company received $$17,100$ cash from a client in advance for services to be provided next year.

d$.$ The company received $$2,900$ cash from a client in partial payment of accounts receivable.

Prepare general journal entries for the above transactions of Valdez Services.

Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes.

Complete this question by entering your answers in the tabs below.

Prepare general journal entries for the above transactions of Valdez Services.

Journal entry worksheet

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B$.$ Valdez invested $$28,300$ cash in the company.

Note: Enter debits before credits.

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Following are transactions for Valdez Services, a company owned by B$.$ Valdez.

a$.$ B$.$ Valdez invested $$28,300$ cash in the company.

b$.$ The company provided services to a client and immediately received $$800$ cash.

c$.$ The company received $$17,100$ cash from a client in advance for services to be provided next year.

d$.$ The company received $$2,900$ cash from a client in partial payment of accounts receivable.

Prepare general journal entries for the above transactions of Valdez Services.

Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes.

Complete this question by entering your answers in the tabs below.

Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes.

Reason

Transaction

This transaction changed the form of an asset from a receivable to cash. Total assets were not increased $($revenue was recognized when the services were originally provided$).$

This transaction brought in cash, but this is an owner investment.

This transaction brought in cash, but it created a liability to provide services to the client in the next year.