-t 1: Service Business Accounting Cycle Saved The transactions that follow took place at the Desoto Recreation and Sports Arena during September 2019. This firm has indoor courts where customers can play tennis for a fee. It also rents equipment and offers tennis lessons. Assume the following August 31 balances: Cash, $35,000; Accounts receivable, $5,000, Ellis Carter, Capital, $40,000. Sept. 1 Issued Check 1169 for $2,000 to pay the September rent. Sept. 5 Performed services for $4,000 in cash. Sept. 6 Performed services for $2,950 on credit. Sept. 10 Paid $900 for monthly telephone bill; issued Check 1170. Sept. 11 Paid for equipment repairs of $1,050 with Check 1171. Sept. 12 Received $1,500 on account from credit clients. Sept. 15 Issued Checks 1172-1177 for $5,200 for salaries. Sept. 18 Issued Check 1178 for $2,700 to purchase supplies. Sept. 19 Purchased new tennis rackets for $3,250 on credit from The Tennis Supply Shop; received Invoice 3108, payable in 30 days. Sept. 20 Issued Check 1179 for $3,820 to purchase new nets. (Equip.) Sept. 21 Received $500 on account from credit clients. Sept. 21 Returned a damaged net and received a cash refund of $570. Sept. 22 Performed services for $3,480 in cash. Sept. 23 Performed services for $5,050 on credit. Sept. 26 Issued Check 1180 for $620 to purchase supplies. Sept. 28 Paid the monthly electric bill of $2,500 with Check 1181. Sept. 30 Issued Checks 1182-1187 for $5,200 for salaries. Sept. 30 Issued Check 1188 for $5,000 cash to Ellis Carter for personal expenses. Requirement Show less A General Journal General Ledger Trial Balance Income Statement Stmt of Owners Eqty Balance Sheet Accounting Equation 75% of available points Prepare the journal entry below for each of the transactions, entering the debits before the credits. To save your work, click on "Record Entry". View transaction list Help S