GOING TO NEED THE ANSWER TO ALL OF THESE ASAP!!!

Maid In Canada (MIC) is a new business you started this year. You perform custon cleaning and concierge services for customers in their homes, and house-sit while they are on vacation. You use your own car to get to customers' homes and your own cell phone for business purposes. Your first months' transactions are listed below. June 1 You set up a bank account and get a business credit card. The bank will charge a fee of $15 at the end of each month. June 2 You borrow $1,500 from the bank. You deposit $2,500 of your own money into the business bank account June 3 to start the business. June 4 You register your business name for $60 with Service Ontario, using the business credit card. June 6 You purchase, using the business credit card, cleaning supplies for $300 plus HST. June 7 You purchase, for $250 cash, mops, brooms and buckets. You expect that they will all last more than one year. June 8 You buy a two-year liability insurance policy for $3,000, plus 8% tax, paying cash. You purchase for $200 cash, plus HST, flyers to advertise your business. June 10 None of the flyers have been delivered yet. June 11 You pay a student $50 cash to deliver half of the flyers to homes in your area. You 'house-sat' on the Thanksgiving weekend. Because this is June 12 your first customer you provide your services for free instead of charging your usual fee of $100. Two more customers hire you for the upcoming Christmas holidays. June 15 They each pay you $50 now to reserve your services. Business is booming! You have provided services to 22 customers and June 27 collected $2,200 in cash from happy homeowners. You now have only $250 worth of cleaning supplies left. The remainder June 28 have been used in the business. You spent $156 from your personal funds in car expenses this month. June 29 One-third of this was business travel and the business pays you cash from the business bank account. June 30) You received your cell phone bill for the month. Of the $88, half were business calls. The company will reimburse you the amount owed next month. June 30 The business has used up 1 month of insurance coverage. June 30 The bank withdraws its monthly charge from the business bank account, plus an additional $5 for interest on your loan. June 30 You house-sit for your first customer again. The customer will pay you the $100 fee in July. June 30 You pay the entire balance owing on business credit card. Record the transactions into the expanded accounting equation using account names. Use that information to answer all of the following questions. Question 75 (1 point) How will MIC record the June 10 transaction? a) Increase Prepaid Advertising and decrease Cash, $200 b) Increase both Advertising Expense and Accounts Payable, $226 o a c) Increase both Prepaid Advertising and Accounts Payable, $226 a O d) Increase Prepaid Advertising and decrease Cash, $226 e) Increase Advertising Expense and decrease Cash, $226 Question 76 (4 points) How will MIC record the June 11 transaction? Choose ALL that apply. a) increase Prepaid Advertising $113 b) increase Cash $136 c) decrease Cash $50 d) increase Advertising Expense $113 e) decrease Prepaid Advertising $113 f) decrease Wages Expense $50 g) decrease Advertising Expense $113 h) increase Wages Expense $50 i) increase Cash $50 Oj) decrease Cash $136 Question 77 (1 point) How will MIC record the June 12 transaction? a) increase both Cash and Service Revenue, $100 b) no entry is needed C) increase both Accounts Receivable and Service Revenue, $100 d) increase both Cash and Deferred Revenue, $100 e) increase both Accounts Receivable and Deferred Revenue, $100 Question 78 (1 point) How will MIC record the June 15 transaction? a) increase both Cash and Service Revenue, $100 b) increase both Accounts Receivable and Service Revenue, $100 c) increase both Accounts Receivable and Deferred Revenue, $100 d) increase both Cash and Deferred Revenue, $100 e) no entry is needed Question 79 (1 point) How will MIC record the June 27 transaction? a) increase both Cash and Service Revenue, $2,200 b) increase both Cash and Deferred Revenue, $2,200 c) increase both Accounts Receivable and Service Revenue, $2,200 d) increase both Accounts Receivable and Deferred Revenue, $2,200 e) no entry is needed Question 80 (1 point) How will MIC record the June 28 transaction? a) Increase Supplies and decrease Supplies Expense, $89 b) Increase Supplies Expense and decrease Supplies, $250 C) Increase Supplies and decrease Supplies Expense, $250 d) Increase Supplies Expense and decrease Supplies, $589 e) Increase Supplies Expense and decrease Supplies, $89 Question 81 (1 point) How will MIC record the June 29 transaction? a) decrease Cash and increase Car Expense, $52 b) increase both Accounts Payable and Car Expense, $104 C) decrease Cash and increase Car Expense, $104 d) increase both Accounts Payable and Car Expense, $52 e) decrease Cash $52, increase Accounts Payable $104, and increase Car Expense $156 Question 82 (1 point) How will MIC record the June 30 transaction? (the phone bill) a) decrease Cash and increase Phone Expense, $44 b) increase both Accounts Payable and Phone Expense, $44 C) increase both Accounts Payable and Phone Expense, $88 d) decrease Cash $44, increase Accounts Payable $44, and increase Phone Expense $88 e) decrease Cash and increase Phone Expense, $88 Question 83 (1 point) How will MIC record the expiry of the insurance on June 30? a) decrease Prepaid Insurance and increase Insurance Expense $135 b) decrease Prepaid Insurance and increase Insurance Expense $1,620 c) no entry is required until year-end d) decrease Prepaid Insurance and increase Insurance Expense $1,500 e) decrease Prepaid Insurance and increase Insurance Expense $120 Question 84 (3 points) How will MIC record the bank transaction on June 30? Choose ALL that apply. a) increase Cash $20 b) increase Bank Fee Expense $15 c) decrease Cash $20 U d) decrease Bank Fee Expense $15 e) increase Bank Loan Payable $5 f) decrease Bank Loan Payable $5 g) decrease Interest Expense $20 h) increase Interest Expense $5 i) decrease Interest Expense $5 Oj) increase Interest Expense $20 Question 85 (1 point) How will MIC record the house-sitting job on June 30? a) increase both Accounts Receivable and Deferred Revenue, $100 O C b) no entry is needed c) increase both Cash and Service Revenue, $100 d) increase both Accounts Receivable and Service Revenue, $100 e) increase both Cash and Deferred Revenue, $100 Question 86 (1 point) How will MIC record the credit card payment on June 30? a) decrease both Cash and Accounts Payable, $443 b) decrease both Cash and Accounts Payable, $339 C) decrease both Cash and Accounts Payable, $399 d) decrease both Cash and Accounts Payable, $383 e) decrease both Cash and Accounts Payable, $355 Question 87 (2 points) What are MIC's total liabilities at the end of June? A Question 88 (2 points) What is MIC's total service revenue for June? AJ Question 89 (2 points) How much will MIC's Prepaid Insurance balance be at the December 31 year-end? AJ