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The following are transactions for Valdez Services, a company owned by Brina Valdez. Prepare the journal entries for each transaction. In addition, identify whether the
The following are transactions for Valdez Services, a company owned by Brina Valdez. Prepare the journal entries for each transaction. In addition, identify whether the transaction is a revenue or expense transaction, if it is neither then put NA. Possible entries include: Owner's Equity, Cash, Service Revenues. Unearned Service Revenues. Notes Payable. Accounts Receivable. Rent Expense, Notes Payable, Accounts Payable (copy these terms exactly as you see them). For numbers on the journal entry, do not include $ (dollar sign) or, (comma). For example, if the answer is $30,000, simply type in 30000. a. Brina Valdez invests $39, 450. cash in the company. Debit Amount Credit Amount Is this transaction a revenue, expense, or NA (use either "Revenue" "Expense" or "NA" in this box: b. The company provided $2, 300 of services on credit. Debit Amount Credit Amount Is this transaction a revenue, expense, or NA (use either "Revenue" "Expense" or "NA" in this box: Expense c.The company provided services to a client and immediately received $875 cash. Debit Amount Credit Amount Is this transaction a revenue, expense, or NA (use either "Revenue" "Expense" or "NA" in this box: d. The company received $10, 200 cash from a client in payment for services to be provided next year. Debit Amount Credit Amount Is this transaction a revenue, expense, or NA (use either "Revenue" "Expense" or "NA" in this box: e. The company received $3, 500 cash from a client in partial payment of an account receivable. Debit Amount Credit Amount Is this transaction a revenue, expense, or NA (use either "Revenue" "Expense" or "NA" in this box: f. The company borrowed $120,000 cash from the bank by signing a promissory note. Debit Amount Credit Amount Is this transaction a revenue, expense, or NA (use either "Revenue" "Expense" or "NA" in this box
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