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Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events. a. Blue Light Arcade received $66 cash
Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events. a. Blue Light Arcade received $66 cash on account for a birthday party held two months ago. b. Agreed to hire a new employee at a monthly salary of $3,500. The employee starts work next month. c. Pald $2,500 for a table top hockey game purchased last month on account. d. Repaid a $5,500 bank loan that had been outstanding for six months. (Ignore interest.) e. The company purchased an air hockey table for $4,200, paying $2,000 cash and signing a short-term note for $2,200. Prepare journal entries for the above transactions relating to the year ended December 31. (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 2 3 4 5 Blue Light Arcade received $66 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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