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I just want to make sure my journal entries are correct. 1. Borrowed $80 in cash from a bank at the beginning of 2018 2.

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I just want to make sure my journal entries are correct.
1. Borrowed $80 in cash from a bank at the beginning of 2018 2. Received $50 cash from the 2017 consulting engagement. 3. Paid $30 cash for the 2017 operating epenses. 4. Earned $60 in consulting revenue for 2018-collected one half of the revenue in cash 5. Incurred $35 of operating epenses in 2018-paid $20 of the operating expenses in cash 6. Recorded 2018 depreciation opense of $15 on the equipment purchased in 2017 7. Paid $8 of interest for the $80 cash borrowed at the beginning of 2018. 0 Cash Accounts Payable 50 Cash Accounts Receivable Operating expense Cash Une and Service Ravenue Operating expenses Accounts Payable Depreciation expese Decum. Depreciation o Accounts Payabl Cash Intancy expense Cash Jos

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