The following transactions occurred during a recent year. a. Paid wages of $300 for the current period (example). b. Borrowed $1,500 cash from local bank using a short-term note. c. Purchased $600 of equipment on credit. d. Earned $120 of sales revenue; collected cash. e. Received $240 of utilities services. on credit. f Earned $530 of service revenue, on credit. g. Paid $90 cash on account to a supplier. h. Incurred $25 of travel expenses; paid cash. 1. Earned $120 of service revenue; collected half in cash, with balance on credit. j. Collected $55 cash from customers on account. k. Incurred $120 of advertising costs: paid half in cash, with balance on credit.

The following transactions occurred during a recent year: a. Paid wages of $300 for the current period (example). b. Borrowed $1,500 cash from local bank using a short-term note. c. Purchased $600 of equipment on credit. d. Earned $120 of sales revenue; collected cash. e. Received $240 of utilities services, on credit. f. Earned $530 of service revenue, on credit. g. Paid $90 cash on account to a supplier. h. Incurred $25 of travel expenses; paid cash. 1. Earned $120 of service revenue; collected half in cash, with balance on credit. 1. Collected $55 cash from customers on account. k. Incurred $120 of advertising costs; paid half in cash, with balance on credit