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Please solve with detailed answers Junktrader is an online company that specializes in matching buyers and sellers of used items. Buyers and sellers can purchase
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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 company for $235 on account. b. On the last day of the month, Junktrader paid $115 cash to run an ad promoting the company's services The ad ran that day in the local newspaper C. Received $345 cash in membership fees for the month from new members d. Received an electricity bill for $120 for usage this month. The bill will be paid next month e. Billed a customer $250 for helping sell some junk. Junktrader expects to receive the customer's payment by the end of next month 1. 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 2 3 4 Junktrader provided online advertising services for another company for $235 on account. Record the transaction Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 2. Determine Junktrader's preliminary net income iminary Net IncomeStep by Step Solution
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