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MyBnB started a home rental company on January 1. As of November 30 , MyBnB reported the following balances. The company does not yet have
MyBnB started a home rental company on January 1. As of November 30 , MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. E3-20 (Algo) Part 3 3. Prepare journal entries for the following December transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Provided rental services at a price of $360 and collected the full amount in cash. b. Paid $84 cash to a cleaning company for December work. c. Paid $72 cash to MyBnB's part-time employee for December wages. d. Paid $120 cash on account for amounts owed from a prior equipment purchase. e. Obtained repair services in December at a cost of $48, to be paid in January. Journal entry worksheet Provided rental services at a price of $360 and collected the full amount in cash. Record the entry. Note: Enter debits before credits
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