Requirement Motions which does not www.thede explotan teachers were compromet Amandant be C sactions. Include an explanation for each entry. As Portman moves into the next period, how much ca Info Land (4) (3) 28,500 Cash Supplies Equipment 9,000 (3) 6,500 750 (5) 90 (6) 7,000 6,300 (6) 7,000 90 (7) 70 Accounts Payable Note Payable (7) 70 (4) 750 (2) 6,300 (3) 22,000 Share Capital (1) 9,000 Print Done The first seven transactions of Portman Advertising, Inc have boon posted to the company's accounts as follows (Click the icon to view the accounts.) Requirement 1. Prepare the journal entnes that served as the sources for the seven transactions Include an explanation for each entry As Portman moves into the next period, how much cash does the business have? How much does Portman owe in total liabilities? Prepare the journal entries that served as the sources for the seven transactions. Include an explanation for each entry (Remember when preparing journal entries record debits first, then credits. Leave unused colls blank Explanations will appear on the last line of the joumal entry) Begin by recording the journal entries, start with the first transaction Journal Entry Accounts and explanations Debit Credit

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