he following are six transactions for Aaron's Auto Repar, Inc during the month of February Click the icon to view the transaction Requirement 1. For each transaction Show determine the accounts affected the type of account whether the count create or decreases and whether it would be recorded on the debitor credit side. The first transaction has been analyzed for you as an example (Click the icon to view the analyse ob 2. transaction the journal Bogin by analyzing me transaction from Foto Fob Purchased supplies on account 225 Transaction Date Account Affected Table Account TV Increase/Deco Or, or Choose from any drop-dow and then clickCheck Answer The following are six transactions for Aaron's Auto Repair, Inc during the month of February Click the icon to view the transactions Requirement 1. For each transaction shown determine the accounts affected, the type of account, whether the account increases or decreases and whether it would be recorded in the journal on the debitor credit side The first transaction has been analyzed for you as an example Sore Info Reference Account Type Drsor Transaction Date FOD 2 Accounts Affected Accounts Receivable Service Raven Increase/Decrease Ince Inc Or Room ob 2 Performed service for customers on account $1.425 8 Purchased supplies on account. $225 10 Paid advertising expense: 5175 14 Received cash of $900 from credit customers on account 21 Paid S150 on accounts payable 25 Performed service for customers and received cast 1 850 Paint Done Wong & Associates, Inc. completed the following transactions ding Nober 2018, srst month of operations (Click the icon to view the transactions Requirement 1 Using the stops outlined in the tve-step transaction analysis, journalize the transactions of Wong & Associates, Inc List transactions by date. Use the following accounts Cash Accounts receivable Supplies Building Accounts payable common stock Service revenue Stars expendunt expense (Record dob fest, then credits Select the explanation on one of the Nov 1 Sold $40 000 of common stock to Kesey Wu to start the business Joumal Entry Accounts and Explanations Date Doble Credit Nov Choose from any list or enter any number in the input fields and then click Check AWO chy due More Info - SS Debit Credit Nov 1 Sold $40.000 of common stock to Kelsey Wu to start the business 3 Purchased supplies on account. $100. 5 Paid cash for a building to use for storage. $32,000 6. Performed service for customers and received cash, $1,500 11 Paid on accounts payable, $50 18 Performed service for customers on account, $3,300 24 Received cash from a customer on account, $1,600 30 Paid the following expenses salaries, 5600, and rent. $1,300 en click Check Answer wer Punt Done Mae Construction, Inc.completed the following transactions during September 2018. its first month of operations Cock the icon to view the transactions) Read the requirements Requirement 1. Record transactions in the joumal Explanations are not required. (Record debits first the credits Exclude explanations from any oumal entries Sep 2. Sold $75,000 of common stock to Deckon Mae to start the construction business Joumal Entry Accounts Date Dobit Credit Sep t 1. Record transactions in the journal Explanations are not required. (Record debits nest, then credits Exclude explanations from any journal entries) $75,000 of common stock to Deckion Mae to start the construction Business Journal Entry More Info A Accounts Debit Credl Requirements 1. 2. Record transactions in the journ Explanations are not required Post the journal entries to the account that have been set up for you identity alleres y cate Calculate the ending balance in each account Prepare a balance M September 30, 2018 Prepare the income statement statement of retained earnings and wance Snel for the month of September Sep2 Sold 575.000 of common stock to Deckion Me to start the construction business Paid monthly oficerent 5000 6 Paid cash for new construction equipment 51.000 Purchased office furniture on account $2.000 11 Purchased supplies on account 5100 19 Performed service for a cont on account: $2,400 20 Pald utety expenses $150 20 Performed service for a client and received cash for the full amount of $1,900 3