need help with these
M3-15 (Algo) Preparing Accrual Basis Journal Entries for Business Activities (LO 3-3] Junktrader is an online company that specializes in matching buyers and sellers of used items. Buyers and sellers can purchase a membership with Junktrader, which provides them advance notice of potentially attractive offers. a. Junktrader provided online advertising services for another compbny for $260 on account b. On the last day of the month, Junktrader paid $60 cash to run an ad promoting the company's services. The ad ran that day in the local newspaper c Received $285 cash in membership fees for the month from new members. d. Received an electricity bill for $95 for usage this month. The bill will be paid next month. e Billed a customer $342 for helping sell some junk, Junktrader expects to receive the customer's payment by the end of next month. Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Determine Junktrader's preliminary net income, Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare journal entries for the above transactions, which occurred during a recent month. (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 View transaction list Journal entry worksheet Received $285 cash in membership fees for the month from new members. Record the transaction Entar debts before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Prepare journal entries for the above transactions, which occurred during a recent month. (If no entry is required select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Billed a customer $342 for helping sell some junk. Junktrader expects to receive the customer's payment by the end of next month. Record the transaction Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Junktracer is an online company that speciauzes in matching buyers ana sellers or use items. buyers and sellers can purchase a membership with Junktrader, which provides them advance notice of potentially attractive offers. a. Junktrader provided online advertising services for another company for $260 on account. b On the last day of the month, Junktrader paid $60 cash to run an ad promoting the company's services. The ad ran that day in the local newspaper c. Received $285 cash in membership fees for the month from new members. d. Received an electricity bill for $95 for usage this month. The bill will be paid next month. e. Billed a customer $342 for helping sell some junk, Junktrader expects to receive the customer's payment by the end of next month. Required: 1. Prepare journal entries for the above transactions, which occurred during a recent month. 2. Determine Junktrader's preliminary net income. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Junktrader's preliminary net income. Preliminary Net Income
