my answers may be incorrect. thanks.

Saved Help Save& Exit Subm Chapter 3 Homework 6 Jessica Pothier opened FunFlatables on June 1. The company rents out moon walks and inflatable slides for parties and corporate events. The company also has obtained the use of an abandoned ice rink located in a local shopping mall, where its rental products are displayed and available for casual hourly rental by mall patrons. The following transactions occurred during the first month of operations a Jessica contributed $48,000 cash to the company on June 1 in exchange for its common stock. b Purchased inflatable rides and inflation equipment on June 2, paying $28,950 cash. c Received $7.800 cash from casual hourly rentals at the mall on June 3 d Rented rides and equipment to customers for $11,000. Received cash of $2,100 on June 4 and the rest is due from customers. e. Received $3,600 from a large corporate customer on June 5 as a deposit on a party booking for July 4 f Began to prepare for the July 4 party by purchasing and receiving various party supplies on June 6 on account for $630. g. On June 7, paid $8,700 in cash for renting the mall space this month. points eBook Print References h. On June 8. prepaid next month's mall space rental charge of $8,700. i Received $2,000 on June 9 from customers on accounts receivable. Paid $1,850 for running a television ad on June 10 k. Paid $4,450 in wages to employees on June 30 for work done during the month. Required: 1. Prepare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero balances because this is the first month of operations. 3. Prepare an unadjusted trial balance for the end of June. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance to calculate preliminary net income and net proft 4-b. Determine whether the net profit margin is better or worse than the 300 percent earned by a close competitor margin. Prex6 of 8 Next u blackboardmyBa Netflixk Admissons/Schol.. M Gmail University of Alab....DHB Chapter 3 Homework 6 Req 2 Req 3 Req 4A Req 4B Req 1 Prepare an unadjusted trialbalance for the end of June FUNFLATABLES Unadjusted Trial Balance At June 30 Name Credit S 30,450 2,000 Supplies Prepaid Rent Equipment Accounts Payable Deferred Revenue Common Stock 8,700 28,950 3,600 48,000 Service Revenue Rent Expense Salaries and Wages Expense 8,700 4.450 1,850 69,910 $ 76,950 Req 2 Req 4A FI F5 F8 2 3 Saved Help first month of operations. 3. Prepare an unadjusted trial balance for the end of June. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance to calculate preliminary net incom margin 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Req 4A Req 48 efer to the revenues and expenses shown on the unadjusted trial balance to calculate preliminary net income and net prof margin Round. Net Profit.Margin.to., decimal place ces Preliminary Net Income Net Profit Margin Rea 3 Req 4B > . Umail University of Alab.. HBO GO. It's HBO..tv 3 Homework Saved 1. Prepare the journal entry for each of the above transactions. 2. Post the transaction activity from requirement 1 to the T-Accounts below. All accounts begin with zero ba first month of operations. 3. Prepare an unadjusted trial balance for the end of June. 4-a. Refer to the revenues and expenses shown on the unadjusted trial balance to calculate preliminary net in margin. 4-b. Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close comp Complete this question by entering your answers in the tabs below. ok nt Req 1 Req 2 Req 3 Req 4A Req 4B nces Determine whether the net profit margin is better or worse than the 30.0 percent earned by a close competitor OBetter Worse Req 4A Req 4B