Prepare the journal entries for the following events that took place during 2020.

2. Jennies clients are charged by the hour and she sends them a bill at the end of each month. Customer billings (Accounts Receivable) totaled $45,000 for the year.

3. $42,500 of the amounts billed were collected during the year and the remainder is expected to be collected in 2021.

4. Costs associated with her SUV (gas, insurance, licenses and maintenance) were paid in the amount of $ 9,000.

5. Other business expenses (business license and Personal Trainer certification fees) totaled $ 900 and were paid.

6. At the end of 2020, Jennie owed her mechanic an additional $200 for maintenance to her SUV. Recorded this in Accounts Payable (assume the bill will be paid in 2021).

7. Depreciation on the equipment and vehicle amounted to $ 4,000.