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The following transactions occur for Cardinal Music Academy during the month of October 1. Provide music lessons to students for $13.000 cash 2 Purchase prepald
The following transactions occur for Cardinal Music Academy during the month of October 1. Provide music lessons to students for $13.000 cash 2 Purchase prepald Insurance to protect musical equipment over the next year for $3.720 cash, 3. Purchase musical equipment for $16.000 cash 4. Obtain a loan from a bank by signing a note for $22.000 Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment. Notes Payable, and Service Revenue. (If no entry is required for a transaction event select "No Journal Entry Required" in the first account field) View transactions Journal entry worksheet 1 2 > Provide music lessons to students for $13,000 cash. General Journal Debit Credit Transaction 01 Record entry Clear entry View general Journal
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