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Signet Consulting provides corporate training. During February 2022, the following transactions took place. begin{tabular}{|l|l|} hline Feb 2 & Received $2,870 cash for training services provided.
Signet Consulting provides corporate training. During February 2022, the following transactions took place. \begin{tabular}{|l|l|} \hline Feb 2 & Received $2,870 cash for training services provided. \\ \hline Feb 3 & Received maintenance bill for $580 which will be paid next month. \\ \hline Feb 5 & Borrowed $7,000 cash from the bank. \\ \hline Feb 8 & Received $340 from a customer who owed money on training services already provided. \\ \hline Feb 9 & Prepaid $1,390 cash for services for one year. \\ \hline Feb 11 & Paid supplies expense of $130 for the month with cash. \\ \hline Feb 22 & Paid $40 interest on the bank loan. \\ \hline Feb 26 & Paid $420 cash to reduce the amount owed to a supplier. \\ \hline \end{tabular} Prepare the journal entries for the above transactions. Do not enter dollar signs or commas in the input boxes. \begin{tabular}{|c|c|c|c|} \hline Date & Account Title and Explanation & Debit & Credit \\ \hline \multicolumn{4}{|l|}{2022} \\ \hline \multirow[t]{3}{*}{ Feb 2} & & & \\ \hline & ^ & & \\ \hline & To record cash sale & & \\ \hline \multirow[t]{3}{*}{ Feb 3} & & & \\ \hline & ^ & & \\ \hline & To record receipt of maintenance bill & & \\ \hline \multirow[t]{3}{*}{ Feb 5} & & & \\ \hline & & & \\ \hline & To record borrowing of funds from bank & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline & To record borrowing of funds from bank & \\ \hline Feb 8 & ^ & \\ \hline & ^ & \\ \hline & To record collection of cash from a customer & \\ \hline Feb 9 & ^ & \\ \hline & & \\ \hline & To record prepayment of services & \\ \hline Feb 11 & & \\ \hline & & \\ \hline & To record payment of supplies expense & \\ \hline Feb 22 & & \\ \hline & & \\ \hline & Paid interest on bank loan & \\ \hline Feb 26 & & \\ \hline & & \\ \hline & To record payment to suppliers & \\ \hline \end{tabular}
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