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E3-14 Analyzing Transactions from the Perspectives of Different Companies [LO 3-2, LO 3-3) Over-the-Top Technologies (OTT) operates a computer repair and web consulting business News Now (NN) publishes a local newspaper. The two companies entered into the following transactions. a. NN billed OTT for $715 of advertising services provided this month on account b. OTT repaired some of NN's equipment this month, for $215 on account c. NN collected $715 cash from OTT for the advertising services provided in (a), d. NN paid $77 cash to OTT for OTT advertising NN's online newspaper this month on OTT's Website. e. OTT and NN signed a promissory note, documenting OTT's $1700 cash loan to NN this month with repayment to occur in six months Required: 1. Show the journal entries that OTT would record for items (alle). 2. Show the journal entries that NN would record for items (a)-(e). Complete this question by entering your answers in the tabs below. Required i Required 2 Show the journal entries that OTT would record for items ()-(e). (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account held.) View transaction list View journal entry worksheet No Transaction General Journal Crede Debit 715 1 a Advertising Expense Accounts Payable 715 215 2 b Service Revenue Accounts Receivable 215 3 No Transaction Recorded 4 d No Transaction Recorded 5 No Transaction Recorded Required 2 > Complete this question by entering your answers in the tabs below. Required i Required 2 Show the journal entries that OTT would record for items ()-(e). (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account held.) View transaction list View journal entry worksheet No Transaction General Journal Crede Debit 715 1 a Advertising Expense Accounts Payable 715 215 2 b Service Revenue Accounts Receivable 215 3 No Transaction Recorded 4 d No Transaction Recorded 5 No Transaction Recorded Required 2 >