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Required: Prepare the general journal entries to record the following transactions for Harry's Catering in August 2020. Narrations are required. Harry provided service of $650

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Required: Prepare the general journal entries to record the following transactions for Harry's Catering in August 2020. Narrations are required. Harry provided service of $650 to a customer. The customer paid $300 using a gift card August 2020 5 purchased in 2019. The remaining balance was paid using cash. Harry purchased an equipment for $4,500. He paid 30% of the price in cash and a bank 12 loan is arranged for the remaining balance. Harry purchased supplies of $450 on credit. 25 Harry paid $1,000 wages to staff. The expense was recorded in 2019. 28 Harry paid the annual insurance fee of $1,200 for the next 12 months. 18

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