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The following transactions occur for Cardinal Music Academy during the month of October 1. Provide music lessons to students for $11,000 cash. 2. Purchase prepaid

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The following transactions occur for Cardinal Music Academy during the month of October 1. Provide music lessons to students for $11,000 cash. 2. Purchase prepaid insurance to protect musical equipment over the next year for $3,480 cash. 3. Purchase musical equipment for $14,000 cash. 4. Obtain a loan from a bank by signing a note for $18,000. 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 transaction list Journal entry worksheet 1 2 3 4 > Provide music lessons to students for $11,000 cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 01 Saved Help 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 transaction list Journal entry worksheet 2 3 4 1 Provide music lessons to students for $11,000 cash. Note: Enter debits before credits General Journal Debit Credit Transaction 01 Record entry Clear entry View general Journal ance, Equipme Ped for a transaction/event, select "No Journal Entry Required" in the fi View transaction list Journal entry worksheet 1 N 3 4 Purchase prepaid insurance to protect musical equipment over the next year for $3,480 cash. Note: Enter debits before credits. General Journal Transaction 02 Debit Credit Record entry Clear entry View general journal Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Not- Revenue. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first acc View transaction list Journal entry worksheet 2 N 3 4 es Purchase musical equipment for $14,000 cash. Note: Enter debits before credits General Journal Debit Credit Transaction 03 Record entry Clear entry View general journal Record the transactions. The company uses the following accounts: Cash, Prepaid Insurance, Equipment, Notes Revenue. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first acco View transaction list Journal entry worksheet 1 2 3 4 es Obtain a loan from a bank by signing a note for $18,000. Note: Enter debits before credits. General Journal Debit Credit Transaction 04 Record entry Clear entry View general Journal

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