Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events.

1. Blue Light Arcade received $74 cash on account for a birthday party held two months ago.
2. Agreed to hire a new employee at a monthly salary of $3,700. The employee starts work next month.
3. Paid $2,700 for a table top hockey game purchased last month on account.
4. Repaid a $5,700 bank loan that had been outstanding for six months. (Ignore interest.)
5. The company purchased an air hockey table for $5,000, paying $2,400 cash and signing a short-term note for $2,600.

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.)

Katy Williams is the manager of Blue Light Arcade. The company provides entertainment for parties and special events. a. Blue Light Arcade received $74 cash on account for a birthday party held two months ago. b. Agreed to hire a new employee at a monthly salary of $3,700. The employee starts work next month. c. Paid $2,700 for a table top hockey game purchased last month on account. d. Repaid a $5,700 bank loan that had been outstanding for six months. (Ignore interest.) e. The company purchased an air hockey table for $5,000, paying $2,400 cash and signing a short-term note for $2,600. 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 1 2 3 4 5 > Blue Light Arcade received $74 cash on account for a birthday party held two months ago. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit