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MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have
MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. Accounts Payable Cash $ 870 2,900 Cleaning Expense 2,610 Equipment Repairs Expense Service Revenue Common Stock 8,700 Wages Expense $ 6,960 580 5,800 2,320 3. Prepare journal entries for the following December transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Provided rental services at a price of $870 and collected the full amount in cash. b. Paid $203 cash to a cleaning company for December work. c. Paid $174 cash to MyBnB's part-time employee for December wages. d. Paid $290 cash on account for amounts owed from a prior equipment purchase. e. Obtained repair services in December at a cost of $116, to be paid in January. View transaction list Journal entry worksheet < 1 2 3 4 5 Provided rental services at a price of $870 and collected the full amount in cash. Record the entry. Note: Enter debits before credits. Transaction a General Journal Debit Credit Record entry View general journal Clear entry >
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