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hello please prepare journal entries for 8-10 i completed 7. 7. On May 16, an architect was given $1,500 to draft house plans. The plans

image text in transcribedhello please prepare journal entries for 8-10 i completed 7.
7. On May 16, an architect was given $1,500 to draft house plans. The plans will be drawn up some time in July. Prepare the appropriate journal entry for May. Date 16-March Debits $1,500 Credits Particulars Prepaid Architect fees a/c dr. Cash a/s Architect fees paid in advance of $1,500 total $1,500 $1.500 $1,500 I 8. Assume the facts in problem 7. In July the architect drew up the plans and delivered them to the client. Prepare the appropriate adjusting journal entry for July. 9. You are a financial planner. In July you drafted a financial plan for $2,800 and delivered it to the client. Since you know the client well and she has good credit, you will accept full payment in August. Prepare the appropriate entry for July. 10. Your company issued bonds several years ago (borrowed money) and interest payments of $600 are made twice a year on July 1, and January 1. Prepare the appropriate journal (adjusting journal entry) entry for the month of February 2007 to recognize one month of interest expense

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