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Required information [The following information applies to the questions displayed below.] MyBnB started a home rental company on January 1. As of November 30, MyBnB
Required information [The following information applies to the questions displayed below.] 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 Cleaning Expense Common Stock $ 510 1,700 1,530 5,100 Equipment Repairs Expense Service Revenue Wages Expense $ 4,080 340 3,400 1,360 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 $510 and collected the full amount in cash. b. Paid $119 cash to a cleaning company for December work. c. Paid $102 cash to MyBnB's part-time employee for December wages. d. Paid $170 cash on account for amounts owed from a prior equipment purchase. e. Obtained repair services in December at a cost of $68, to be paid in January. View transaction list
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