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Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events. The following transactions for Blue Light
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. Blue Light Arcade received $62 cash on account for a birthday party held two months ago. b. Agreed to hire a new employee at a monthly salary of $3,350. The employee starts work next month c. Paid $2,350 for a tabletop hockey game purchased last month on account d. Repaid a $5,350 bank loan that had been outstanding for six months. (Ignore interest.) e. The company purchased an air hockey table for $3,600, paying $1.700 cash and signing a short-term note for $1,900. 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 1 2 3 4 5 Blue Light Arcade received $62 cash on account for a birthday party held two months ago. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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