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Journalize the transactions Elisa Doon is the owner of Island Services. The following transactions need to be recorded for her business. Aug 1 Prepaid $4,200

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Elisa Doon is the owner of Island Services. The following transactions need to be recorded for her business. Aug 1 Prepaid $4,200 of insurance for one year. Aug 2 Prepaid $2,700 of rent for three months. Aug 3 Received a maintenance bill for $900 which will be paid next month. Aug 4 Received S3,090 cash for services provided. Aug 7 Took out a loan from the bank for $5,000. Aug 10 Paid telephone expenses for the month with $170 cash. Aug 12 Paid $860 cash to reduce the balance of accounts payable. Aug 31 Paid $20 of interest on the bank loan. Aug 31 | Adjusted prepaid insurance for one month for S350. Aug 31 Depreciated equipment for $150. Aug 31 Adjusted prepaid rent for one month for $900. Required Journalize the transactions for Island Services Date Account Title and Explanation Debit Credit

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