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must use these headings to answer question. thanks! must answer soon Question 2 [25 points) Below are individual unrelated transactions from Bentley Inc. Record each

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Question 2 [25 points) Below are individual unrelated transactions from Bentley Inc. Record each transaction in the General Journal directly below it. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and - for decrease. For example, if an account decreases equity, choose 'Equity a) The shareholders of Bentley Inc. invested $1,000 in the company on February 1, 2014. General Journal Page GJY Effect On Date Account/Explanation F Dobit Credit Balance Sheet b) On February 2, 2014, Bentley Inc. agreed to provide teaching services to a client for a fixed fee of $880 per month. On that same day, this client paid the first two months' fees in advance. General Journal Page Gj1 Fffect on Account Explanation Credit Date F Debit Balance Sheet C) On February 28, 2014, the month end adjusted trial balance showed $620 in the dividends account, Record the entry to close dividends. General Journal Page GJI Account/Explanation Credit Balance Sheet Effect On Dato F Dobit + d) A client paid 2 months' teaching fee in advance. By February 28, 2014, Bentley Inc. provided five days of teaching that amounted to revenue of $870. General Journal Page GUT Effect On Date Account/Explanation F Debit Credit Balance Sheet e) Bentley Inc. reported its salaries expense as $8,800 and rent expense as $800, on February 28, 2014, the company's year-end. There were no other expenses. Record the journal entry to close the expense accounts General Journal Page GJI Effect on Dato Account/Explanation F Dobit Credit Balance Shoot + TI Choose an Account or Heading egories: Accounts and Headings: Accounts Payable ets Accounts Receivable pilities Accumulated Depreciation, Automobiles ity Accumulated Depreciation, Boats uity Accumulated Depreciation, Building venues Accumulated Depreciation, Equipment penses Accumulated Depreciation, Furniture her Accumulated Depreciation, Land Improvemen Accumulated Depreciation, Machinery Accumulated Depreciation, Trucks Advertising Expense Advertising Payable Automobiles Boats Bonds Payable Building Cash Commissions Earned Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Commissions Earned Assets Consulting Revenue Earned Liabilities Depreciation Expense, Automobiles Equity Depreciation Expense, Boats Equity Depreciation Expense, Building Revenues Depreciation Expense, Equipment Expenses Depreciation Expense, Furniture Other Depreciation Expense, Machinery Depreciation Expense, Trucks Dividends Equipment Furniture Income Summary Insurance Expense Interest Earned Interest Expense Interest Payable Search: Erase Cancel Choose an Account or Heading egories: Accounts and Headings: Interest Receivable ets Investment in Bonds pilities Land nity Land Improvements quity Long-Term Notes Payable evenues Long-term Investment in Shares penses Machinery cher Mortgage Payable Notes Receivable Office Supplies Expense Prepaid Advertising Prepaid Insurance Prepaid Interest Prepaid Rent Property Taxes Expense Property Taxes Payable Rent Earned Rent Expense Search: Erase Cancel Choose an Account or Heading tegories: Accounts and Headings: Prepaid Rent -sets Property Taxes Expense abilities Property Taxes Payable quity Rent Earned Equity Rent Expense Revenues Rent Payable Expenses Rent Receivable Other Retained Earnings Salaries Expense Salaries Payable Share Capital Short-Term Notes Payable Supplies Supplies Expense Trucks Unearned Consulting Revenue Unearned Rent Utilities Expense Search: Erase Cancel

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