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Junktrader is an online company that specializes in matching buyers and sellers of used items Buyers and sellers can purchase a membership with Junktrader, which
Junktrader is an online company that specializes in matching buyers and sellers of used items Buyers and sellers can purchase a membership with Junktrader, which provides them advance notice of potentially attractive offers. a Junktrader provided online advertising services for another company for $315 on account. b. On the last day of the month, Junktrader paid S130 cash to run an ad promoting the company's services. The ad ran that day in the local newspaper c. Received $230 cash in membership fees for the month from new members. d. Received an electricity bill for $135 for usage this month. The bill will be paid next month. e. Billed a customer $234 for helping sell some junk. Junktrader expects to receive the customer's payment by the end of next month. Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Determine Junktrader's preliminary net income. Required 1 Required 2 Prepare journal entries for the above transactions, which occurred during a recent month. (If no entry is select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 > Junktrader provided online advertising services for another company for $315 on account. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal
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