Give the proper journal entry for the following transcations.
Receipt of $433 cash from a customer on account.
Purchase $120 of office supplies on account.
Work completed. Customer billed for $536.
A computer costing $3,200 purchased on account.
Rent of $8,000 paid in advance.
Section Four (4 points)
Given the following items:
a. Identify whether the item is an asset (A), liability (L), revenue (R), or expense (E) item.
b. Identify whether the following items would appear on the Income Statement (IS) or Balance Sheet (BS).
	a	b
Cost of goods sold
Prepaid insurance
Sales revenue
Interest payable
Supplies
Salaries expense
Income taxes payable
Depreciation expense