Together Case 2-1 ment, review the Tying It All Together feature in the chapter cronics, Inc.'s experience involves providing technical support to its customers. This includes in-home Cs and also computer support at their retail store locations nics, Inc. provides $10,500 of computer support at the Dallas-Fort Worth store during the month ould Fry's Electronics record this transaction? Assume all customers paid in cash. What financial is transaction affect? ics, Inc.'s Modesto, California, location received $24,000 for an annual contract to provide computer ity government. How would Fry's Electronics record this transaction? What financial statement(s) would - in how revenue is recorded in requirements 1 and 2? Clearly state when revenue is recorded in each Decision Case 2-1 Your friend, Dean McChesney, requested that you advise him on the effects that certain transactions will have on his business, A-Plus Travel Planners. Time is short, so you cannot journalize the transactions. Instead, you must without a journal. McChesney will continue the business only if he can expect to earn monthly net income of $6,000. The business completed the following transactions during June: McChesney deposited $10,000 cash in a business bank account to start the company The company issued common stock to McChesney b. Paid $300 cash for office supplies. c. Incurred advertising expense on account, $700. d. Paid the following cash expenses: administrative assistant's salary, $1,400; office rent, $1,000. e. Earned service revenue on account, $8,800. analyze the transactions a. f. Collected cash from customers on account, $1,200. Recordins Requirements 1. Open the following T-accounts: Cash; Accounts Receivable; Office Supplies; Accounts Payable; Common Stock; Service Revenue; Salaries Expense; Rent Expense; and Advertising Expense. 2. Post the transactions directly to the accounts without using a journal. Record each transaction by letter. Calculate account balances 3. Prepare a trial balance at June 30, 2018 4. Compute the amount of net income or net loss for this first month of operations. Would you recommend that McChesney continue in business? thical Issue 2-1 Better Days Ahead, a charitable organization, has a standing agreement with First National Bank. The agreement allows Better Days Ahead to overdraw its cash balance at the bank when donations are running low. In the past, Better Days Ahead managed funds wisely and rarely used this privilege. Jacob Henson has recently herome the president of Better Days Ahead. To expand operations