Question
I need help with part A . It is not service revenue or advertising expense Katy Williams is the manager of Blue Light Arcade. The
I need help with part A It is not service revenue or advertising expense
Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events. The following transactions for Blue Light Arcade relate to the year ended December 31. a. A business logo was designed, and its artwork was provided for the company's use in exchange for $158 cash. b. Agreed to hire a new employee at a monthly salary of $3,200. The employee starts work next month. c. Paid $2,200 for a tabletop hockey game purchased last month on account. d. Repaid a $5,200 bank loan that had been outstanding for six months. (Ignore interest.) e. The company purchased an air hockey table for $3,000, paying $1,400 cash and signing a short-term note for $1,600. Required: Prepare journal entries for the above transactions. (If no entry is required for a transaction/event select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet o ooo Record the business logo that was designed, and provided for the company's use in exchange for $158 cash. Note: Enter debits before credits. Transaction a Cash Record entry General Journal Clear entry Debit Credit 158 158 View general journal
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