nimed banicis:000,292b012 nommo 0193 10 99nsied JE3-12 Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, $1,900; Prepaid Rent, $7,400; Inventory, $6,000; Accounts Payable $4,300; Common Stock, $40,000; Service Revenue, $25,400; Sales Revenue, $14,000; Salaries Expense, $8,200; Accounts Receivable, $6,100; Land, $60,000; Cost of Goods Sold, $10,000; Deferred Revenue, $2,300; Retained Earnings, $23,000; Supplies Expense, $9,400. uol Required: Provide an explanation for each transaction. Pr ba

Required: Provide an explanation for each transaction. JE3-12 Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their normal debit or credit balance. Cash, \$1,900; Prepaid Rent, \$7,400; Inventory, \$6,000; Accounts Payable \$4,300; Common Stock, \$40,000; Service Revenue, \$25,400; Sales Revenue, \$14,000; Salaries Expense, \$8,200; Accounts Receivable, $6,100; Land, \$60,000; Cost of Goods Sold, \$10,000; Deferred Revenue, \$2,300; Retained Earnings, \$23,000; Supplies Expense, \$9,400